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TRADER-WANNA-BE
Oct 19, 2021 8:17 AM

1799.HKEX_Retracement Trade_Long Long

XINTE ENERGY CO LTDHKEX

Description

ENTRY: 22.30
SL: 18.25
TP1: 27.40
TP2: 31.30

- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD -ve
- Retraced to 50% fib level each time and seems to react positively at that area.
- 13 Jul, 5 Aug and 2 Sep shows buyers in control with higher average volume on green candles and low volume on retracement.
- 6-11 Oct looks like volume dry up and maintained above HVN.
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