CAKE on a 30-minute chart with a set of VWAP band lines anchored back one month shows
the cycle of a trend up from a good earnings report into the uppermost band lines followed
by a retracement down to the slowly rising mean VWAP where after consolidation and
testing of that support, price has begun a new trend up. This is confirmed by EMA line
convergences as well as RSI strength bullish divergence prior to the price action reversal.
I will take a long trade here targeting 39 and 41 price levels reflecting the upper VWAP band
lines. These are roughly 5 and 10% as realistic targets with a stop loss below the mean VWAP
line at 36.8.
the cycle of a trend up from a good earnings report into the uppermost band lines followed
by a retracement down to the slowly rising mean VWAP where after consolidation and
testing of that support, price has begun a new trend up. This is confirmed by EMA line
convergences as well as RSI strength bullish divergence prior to the price action reversal.
I will take a long trade here targeting 39 and 41 price levels reflecting the upper VWAP band
lines. These are roughly 5 and 10% as realistic targets with a stop loss below the mean VWAP
line at 36.8.
Dagangan aktif
Price moved up a bit and so the stop loss was raised 2%. Staying patient this is a long swing trade.Dagangan aktif
Nota
Now closer to the first target.
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.