Panjang
VHC Counter Trade Setup
VHC has recently had a devastating decline that puts RSI at a near record low.
BAT fib pattern complete at recent lows. Price currently consolidating in decending triangle.
Break north out of decending triangle possible first sign of automatic upside rally.
This setup is a counter trend trade and will work only if KEY Support level holds.
Stop Loss in the range of 4%.
Despite heavy sell off support level is very key going back several years.
VHC has shown the capability to get reactionary bounces after 3 to 4 days of consolidation (after a heavy sell off).
BAT fib pattern complete at recent lows. Price currently consolidating in decending triangle.
Break north out of decending triangle possible first sign of automatic upside rally.
This setup is a counter trend trade and will work only if KEY Support level holds.
Stop Loss in the range of 4%.
Despite heavy sell off support level is very key going back several years.
VHC has shown the capability to get reactionary bounces after 3 to 4 days of consolidation (after a heavy sell off).
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.