ARB.ASX_ATH Breakout Trade_Long
ENTRY: 48.13
SL: 46.50
TP: 51.10
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MAs are aligned.
- Breakout of down trendline on 15 Jul 2021 with good volume.
- Retraced on lower volume to 50% Fib. level before buyers coming back in on 28 Jul 2021.
- Breakout of ATH on 11 Aug 2021 with good volume, and entry based on this.
- Looks like earnings announcement is coming soon, and automotive sector is doing well globally. Hence, would expect a good earnings result to push the price higher.
SL: 46.50
TP: 51.10
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MAs are aligned.
- Breakout of down trendline on 15 Jul 2021 with good volume.
- Retraced on lower volume to 50% Fib. level before buyers coming back in on 28 Jul 2021.
- Breakout of ATH on 11 Aug 2021 with good volume, and entry based on this.
- Looks like earnings announcement is coming soon, and automotive sector is doing well globally. Hence, would expect a good earnings result to push the price higher.
Dagangan aktif:
- Take 50% partial at 59.20
- Shift SL: 49.39
- New TP: 56.00
- Shift SL: 49.39
- New TP: 56.00
Dagangan ditutup: hentian tercapai:
- Hit adjusted SL: 50.78