Bear Trapping followed by a Strong BO
- The stock has a good demand Zone around 86 and this time there was a Breakdown that did not sustain and bounced back up
- After Forming a Double Bottom the stock has given a BO with Marubozu candle
- Volume on Bo is big enough
- Bears are Trapped
- Bullish RSI on D tf
- The stock is trading above all major EMAs
- After Forming a Double Bottom the stock has given a BO with Marubozu candle
- Volume on Bo is big enough
- Bears are Trapped
- Bullish RSI on D tf
- The stock is trading above all major EMAs
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Penafian
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