Conditional Trade Bullish / Bearish Perspective

231 3 1
(Summary).... On this chart I have highlighted the key areas of interest that I find important in navigating this stocks price action. I have listed the major support and resistance area.

(Pattern Type) Inverse Head and Shoulders / Break Down

(Target Price) 122 , 130

(Bull Perspective) In order for this trade to initiate price needs to break and hold 114 notice in the past when price tried to break this level it could not hold and resulted in a head fake so volume on a break and the ability to hold the break to the upside is crucial.

(Bear Perspective) If price fails to break this resistance then a short trade may be in the works on signs of break down the first target for the short trade would be the bottom of the green channel then support floor 1.

(Overall Market Influence) If the market receives a pull back in the coming days it may inhibit the bullish trade from taking place.
Profit taking today looking for buyers to step in tomorrow bullish as long as price remains above resistance.
Crucial price holds above resistance on pullback to stay bullish
Nice breakout today important that it holds previous resistance.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out