CAMT | Interesting technical situation, let's see if to goes up!
CAMT is a company that is not new to me, it has long been in my watchlist and in my portfolio as well!
Since August a consolidation / retracement has started forming on the daily chart (which is what I personally trade on). As we can see this retracement shows itself as a descending channel after a nice rally (which in turn is split in 2 by a previous retracement).
The channel was not very easy to draw, but as we can see those marked are the 4 swing points (which must be interspersed naturally).
We can also note the decrease in the ADX line and the decrease in volume which confirms the retracement!
We just have to wait for the rupture of the channel and evaluate a possible entry!
Since August a consolidation / retracement has started forming on the daily chart (which is what I personally trade on). As we can see this retracement shows itself as a descending channel after a nice rally (which in turn is split in 2 by a previous retracement).
The channel was not very easy to draw, but as we can see those marked are the 4 swing points (which must be interspersed naturally).
We can also note the decrease in the ADX line and the decrease in volume which confirms the retracement!
We just have to wait for the rupture of the channel and evaluate a possible entry!
