I really don't know much about the company this analysis is purely technical!
The play is very simple here as you can see there are three indicators here that make this stock likable:
1. There has been clear change of trend in the RSI.
2. On back of significant volume two days ago the stock broke through 47.30 level resistance.
3. Clear uptrend with higher lows bull flag is very bullish.
Word of caution: Breakout setup can fail! Always have a tight stop and in case you get stopped out it is OK, good stocks tend to retest resistance in a shortly you can try again!
I haven't been posting recently, let me know what you think should I keep the coming?
Best,
Ali
The play is very simple here as you can see there are three indicators here that make this stock likable:
1. There has been clear change of trend in the RSI.
2. On back of significant volume two days ago the stock broke through 47.30 level resistance.
3. Clear uptrend with higher lows bull flag is very bullish.
Word of caution: Breakout setup can fail! Always have a tight stop and in case you get stopped out it is OK, good stocks tend to retest resistance in a shortly you can try again!
I haven't been posting recently, let me know what you think should I keep the coming?
Best,
Ali
Dagangan ditutup: hentian tercapai
This trade didn't work out as expected. A significant support was breached today at 43.00 stop triggered at 42.30, I am out of this losing trade.
Not a Financial Advise, I may have an open position in this underlying.
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.
Not a Financial Advise, I may have an open position in this underlying.
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.