Overall in weekly and monthly it is bullish.
It's away from the moving averages.
It is suggesting a breakout which is a fakeout as it does not correlates with the moving averages.
the target should be 60% fib retracement which is 4520 appx.
then it should have a target of above 4700.
Let's se if it happens. if i can understand what i have learnt in all these years.
cheers,
Manu
It's away from the moving averages.
It is suggesting a breakout which is a fakeout as it does not correlates with the moving averages.
the target should be 60% fib retracement which is 4520 appx.
then it should have a target of above 4700.
Let's se if it happens. if i can understand what i have learnt in all these years.
cheers,
Manu
Nota
a stock can move away from the moving "averages but it cannot stay away from the moving averages" (Oliver velez)Nota
You can see a diversion too but it happened because the stock is away from the moving averages.
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.