Target Reached. Looking Forward - Extract From My Upcoming Weekly Report (29/03-02/04)
The share traded into our accumulation zone, which was the range support and the 200-day simple moving average, from which we saw a 700c rebound 11900c to 12600c (trade idea target range). The declining 8-day EMA may now act as a 'first' resistance level. Expect consolidation around the 8-EMA with a possible scenario being a moderate pullback toward the mid-point of Friday's trading range. If you missed the buy/long, only look to enter if the share pulls back and consolidates. Shorts/sellers, using the 21-EMA near 12900c-13100c as a distribution area.
Chart Time Frame: Daily
The share traded into our accumulation zone, which was the range support and the 200-day simple moving average, from which we saw a 700c rebound 11900c to 12600c (trade idea target range). The declining 8-day EMA may now act as a 'first' resistance level. Expect consolidation around the 8-EMA with a possible scenario being a moderate pullback toward the mid-point of Friday's trading range. If you missed the buy/long, only look to enter if the share pulls back and consolidates. Shorts/sellers, using the 21-EMA near 12900c-13100c as a distribution area.
Chart Time Frame: Daily
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.