Hello👋
Today I studied downtrend stock.
It's "Olectra Green Tech"
Stock is in selling pressure (weekly & daily TF)
Rsi in bearish territory on daily TF
Price making LL & LH
Rsi at 40.. Also it's triangle, it's like inverted c & handle or can be H & S.
Major support at 1450 .. If not hold can be more downside levels open.
It's a gap of almost 400 pts 😳
But still in Monthly TF after some more correction in price it can be made a bull flag.. Because it was made before also when price was at 500 levels.
It's my view plz DYOA. No buy or sell recommendation🙏
Thank you
Today I studied downtrend stock.
It's "Olectra Green Tech"
Stock is in selling pressure (weekly & daily TF)
Rsi in bearish territory on daily TF
Price making LL & LH
Rsi at 40.. Also it's triangle, it's like inverted c & handle or can be H & S.
Major support at 1450 .. If not hold can be more downside levels open.
It's a gap of almost 400 pts 😳
But still in Monthly TF after some more correction in price it can be made a bull flag.. Because it was made before also when price was at 500 levels.
It's my view plz DYOA. No buy or sell recommendation🙏
Thank you
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.