Extract from pre-market client note.
Printed a ‘piercing’ candle pattern where the price traded below the prior day low (27110c) then reclaimed and closed above that level (27149c). Tuesday’s low was also in line with the 61.8% Fibonacci retracement level and just above the prior breakout. On Wednesday, the share needs to hold the 27000c level to signal a potential short term bullish reversal. Above-average volume relative to prior 3 days.
Previous short around the 29700c level on 19 July. Got stopped out for -1.6%. The share subsequently traded higher before making a sharp decline to the current level.
For more insights and real-time trade ideas, get in touch today.
Printed a ‘piercing’ candle pattern where the price traded below the prior day low (27110c) then reclaimed and closed above that level (27149c). Tuesday’s low was also in line with the 61.8% Fibonacci retracement level and just above the prior breakout. On Wednesday, the share needs to hold the 27000c level to signal a potential short term bullish reversal. Above-average volume relative to prior 3 days.
Previous short around the 29700c level on 19 July. Got stopped out for -1.6%. The share subsequently traded higher before making a sharp decline to the current level.
For more insights and real-time trade ideas, get in touch today.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.