Uncertainly looms but a possible winner?
BUY
- Best entry was the breakout at 1.56
- Observe for a few more days for a suitable entry since there are long upper and lower shadows – high volume and long lower shadow indicates strong buying
- SL for next entry is around 1.63
SELL
- It’s a bull – let it run and nail down profits accordingly
RATIONALE
- Breakout after the 50d base with sufficient volume
- ATH – high will go higher – manage risk accordingly
- Went back into the parallel channel
**the analysis is solely for my own references and learning
- Best entry was the breakout at 1.56
- Observe for a few more days for a suitable entry since there are long upper and lower shadows – high volume and long lower shadow indicates strong buying
- SL for next entry is around 1.63
SELL
- It’s a bull – let it run and nail down profits accordingly
RATIONALE
- Breakout after the 50d base with sufficient volume
- ATH – high will go higher – manage risk accordingly
- Went back into the parallel channel
**the analysis is solely for my own references and learning
Komen:
fell out of the channel - sell - look for reentry after another building of base