This is a curious chart. I guess what strikes me is the shares performance over the MRQ.
All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs).
The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or VWAP.
Whichever comes first I suppose.
This seems like quite an aggressive trade, so keep an eye on that Resistance it's just broken. That's where I would look to Exit the trade if I was holding. (Disclaimer, I am holding).
Lastly the MACD is showing no signs of Divergence or Bearishness, so I'm happy to hold for a move toward R43.00
Fingers Crossed!!!
All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs).
The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or VWAP.
Whichever comes first I suppose.
This seems like quite an aggressive trade, so keep an eye on that Resistance it's just broken. That's where I would look to Exit the trade if I was holding. (Disclaimer, I am holding).
Lastly the MACD is showing no signs of Divergence or Bearishness, so I'm happy to hold for a move toward R43.00
Fingers Crossed!!!
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.