This trendline determines the final destiny of Evergrande. If breached, I will lose hope for any further upside in the future.
Big news (positive) is expected over the weekend before open which should give it a good bounce.
Trade wisely and free of emotions.
Trade active:
I am liking the volume rise. Seems like big money are buying.
Comment:
This is the highest Volume spike seen on the Daily. Shows that big money are buying at these rates. Will wait for this level to hold. Expecting one more dip before to wipe out SL's and a continuation of uptrend.
Trade active:
So far I am seeing the price respecting the long term trend line posted earlier. I expect price to reach 1.50 to retest the trend line and then rally back up for x4-8 run.