If you've been wondering why the #ALSI has been trading like a yo-yo in the last few sessions, one needs to zoom out and get a better picture of what's happening.
We currently range bound in a consolidation that dates back to mid-April giving many short-term opportunities for traders. The last few weeks we have printed several 'spinning top' candles indicating the tug-o-war between the bulls & bears.
This is likely to continue until the range indicated is broken with a weekly close above or below in which case one can expect a new leg/rally.
We currently range bound in a consolidation that dates back to mid-April giving many short-term opportunities for traders. The last few weeks we have printed several 'spinning top' candles indicating the tug-o-war between the bulls & bears.
This is likely to continue until the range indicated is broken with a weekly close above or below in which case one can expect a new leg/rally.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.