PSP Projects
Date 01.09.2024
PSP Projects
Timeframe : Weekly
Remarks :
1 As of now the stock has support of 23% at fibonacci & base of symmetrical triangle.
2 As of now the stock has resistance of 50% at fibonacci & flat future kumo.
3 As of now the stock is trading below its traditional strong upward parallel channel.
4 Once the stock breaks out from resistance area/s as mentioned above, it will resume its traditional uptrend channel started from 2020 march.
5 One can also use 20 & 60 weekly exponential moving averages to see trend & stoploss, however any moving average are lagging indicators.
That's why i personally emphasis more on tools.
Regards,
Ankur
PSP Projects
Timeframe : Weekly
Remarks :
1 As of now the stock has support of 23% at fibonacci & base of symmetrical triangle.
2 As of now the stock has resistance of 50% at fibonacci & flat future kumo.
3 As of now the stock is trading below its traditional strong upward parallel channel.
4 Once the stock breaks out from resistance area/s as mentioned above, it will resume its traditional uptrend channel started from 2020 march.
5 One can also use 20 & 60 weekly exponential moving averages to see trend & stoploss, however any moving average are lagging indicators.
That's why i personally emphasis more on tools.
Regards,
Ankur
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.