Trading Strategy for Capitaland
1. Trend Analysis
Trading Range Since 2013 Jan
2. Indicator Analysis (daily)
100SMA daily strong S&R , weekly closure above May go back to Trading Range
Stoch at mid range signaling neither side are winning (Neutral)
MACD at neutral level - unlikely for breakout (Neutral)
Volume is decent , not super high (Neutral)
3. Chart pattern analysis
Trading range triple bottom (bearish to bullish reversal) and last rejection from 2.68
4. Candlestick analysis
Not available awaiting for reversal ( probably a morning star ) or a bearish engulfing for breakout
Trading Plan
1. Trade the Trading Range since its been from 2013
Entry: wait for a re-test of 100daily sma and a weekly candle close above it.. this would require a reversal pattern on daily candle
SL: weekly close below 2.68
TP(1):2.97
TP(2): 3.29
TP(3): 3.8
please DYODD
Trading Range Since 2013 Jan
2. Indicator Analysis (daily)
100SMA daily strong S&R , weekly closure above May go back to Trading Range
Stoch at mid range signaling neither side are winning (Neutral)
MACD at neutral level - unlikely for breakout (Neutral)
Volume is decent , not super high (Neutral)
3. Chart pattern analysis
Trading range triple bottom (bearish to bullish reversal) and last rejection from 2.68
4. Candlestick analysis
Not available awaiting for reversal ( probably a morning star ) or a bearish engulfing for breakout
Trading Plan
1. Trade the Trading Range since its been from 2013
Entry: wait for a re-test of 100daily sma and a weekly candle close above it.. this would require a reversal pattern on daily candle
SL: weekly close below 2.68
TP(1):2.97
TP(2): 3.29
TP(3): 3.8
please DYODD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.