A name we discussed on the trading desk on Thursday at 12794c.
Current Level: 12987c
- The share has been back-testing the 200-day SMA for the first time it cleared this level a year ago.
- The 50-day EMA was lost on 27 August and since then, every back-test has been sold.
- 50-EMA now ~13835c, which could act as a target zone should the 200-day SMA hold. Alternatively, a move around the 13500c-13600c zone.
- Price currently also back-testing 28 May breakout zone.
- Strong bids on the tape required.
- Stop: 12670c
*Know Your Time Frame
Current Level: 12987c
- The share has been back-testing the 200-day SMA for the first time it cleared this level a year ago.
- The 50-day EMA was lost on 27 August and since then, every back-test has been sold.
- 50-EMA now ~13835c, which could act as a target zone should the 200-day SMA hold. Alternatively, a move around the 13500c-13600c zone.
- Price currently also back-testing 28 May breakout zone.
- Strong bids on the tape required.
- Stop: 12670c
*Know Your Time Frame
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.