Looks pretty strong in monthly and weekly charts but daily charts tells little more.
doesn't look bull will able to take it further upwards.
I think it's going to give good buying opportunity at $1.60 - $1.50 range. Where volume provides good support.
even if 1.50 support fails, there is strong support at around $1.43 range.
We can buy based on specified two zone:
1. Buy Zone - 1: 50% 2. Buy Zone - 2: 50%
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
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Bearish candle printed. Expecting to pull back.
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Daily Bearish Candle formed. Expecting it to pull back.
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Price being rejected, as expected.
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Price Action on AWC indicates that price had been rejected and it wants to pull back. I have my Buy Zone ready between $1.640 - $1.720 range where I will be looking for Bullish Price Action to take a buy position.
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AWC has been coming down as expected, and I think it should give a good buying opportunity in the Green Box (Buy Zone) of $1.580 -$ 1.660. Lets see how it behaves in that Green Box.
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AWC pulling back as expected, and I think it should give a good buying opportunity in the Green Box (Buy Zone) of $1.580 -$ 1.660. There is also High Profile Volume Zone, Trendline Support and the 200SMA, many Confluences at the same level. Lets see how it behaves in that Green Box.
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AWC is approaching my Buy Zone of $1.580 - $1.660 and the lower edge of the Channel. I am expecting a bounce off this support. My trade plan would be to take a buy position after Bullish Price Action, targeting the Highs of $1.945, ( a potential 18% gain) with a stop below the lows.