[May 22, 2020, Friday EOD analysis]
Anchored VWAP Analysis self explanatory in Chart. Additional Pointers:
- Range Breakout in place
- Breakout accompanied with Expanding volume signaling the Range was an Accumulation Zone
- Stock is also above 5 day EMA , 20 day EMA, 50 day EMA, 65 day EMA (ALL are Sloping upwards and above each other respectively)
- ADX is above 25 on daily chart (trending)
Concern:
-200 day EMA is Sloping down but stock price is above it
- 100 day EMA is above 50 & 65 day EMA but sloping up
Key Target Levels:
1) 370-75
2) 385
3) 399
Anchored VWAP Analysis self explanatory in Chart. Additional Pointers:
- Range Breakout in place
- Breakout accompanied with Expanding volume signaling the Range was an Accumulation Zone
- Stock is also above 5 day EMA , 20 day EMA, 50 day EMA, 65 day EMA (ALL are Sloping upwards and above each other respectively)
- ADX is above 25 on daily chart (trending)
Concern:
-200 day EMA is Sloping down but stock price is above it
- 100 day EMA is above 50 & 65 day EMA but sloping up
Key Target Levels:
1) 370-75
2) 385
3) 399
Nota
correction: It is 200 day MA & not 200 day EMA which I was referring toTalking about the 200 day EMA:
- the stock price is below it and facing stiff resistance at it since the range was created
- 200 day EMA is also downward sloping
Dagangan ditutup secara manual
WILL not be Updating this Idea further...
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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.
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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.