*The Trend direction: UPTREND - as Higher-High & Higher Low was observed (Green background region). *The price has break-up and stand above our lifeline (Redline) on 28-Apr. *Bottom signal (Green-upward triangle) was sighted on 19-Mar. *Numerous turning points (Purple-candle) have appeared, a strong indication of the price revert to upward direction. *The accelerate signal (White-Diamond) was sighted on 31-Mar & 28-Apr, an indication of the strong buying momentum. *A Yellow-candle + Alert Bell has appeared on 28-Apr, an indication of price potentially take-off.
Prediction: The current price pullback and supported after the breakup from our lifeline (Redline). Once it breaks this immediate resistance R0.50 it will take-off to the next level. *Otherwise, it will hover sideways within a range between 0.50 - 0.40
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively). Target Price: R1=0.55-58 & R2=0.63-68 Support/Cut Loss: S1=0.40 & S2=0.32
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation: BUY Signal:- *Green-Background = Indication of an Uptrend *BT-Yellow-Diamond = Indication of Bottom signal. *Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal. *White-Diamond = Indication of a strong upward momentum accelerator. *Purple-Candle = Indication of a strong turning point or a trend reversal. *Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:- *Red-Background = Indication of a Downtrend. *Red-Dot = Indication of Hot-buyer, potentially a Top signal. *Blue-Candle = Indication of Price selling off area.
Comment
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It reached & exceed the pre-high (0.50) right on the next trading day right after our posting. (Profit-taking) It is now moving within a range (0.50-0.415) thus formed a BOX pattern. Trade maintains active as a clearly Higher-High & Higher-Low toward uptrend pattern. Once it breaks the BOX (0.50) it will be eyeing to next predicted resistance. Exist trade if the critical support lines have broken.
Good luck & Happy Trading!
Order cancelled
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We reenter when the S1 support 0.40 and profit-taking on 3-Jun. This ticker still moving within the BOX pattern range 0.50-0.40. It is not our preference to waste our time in the sideways pattern. Hence, we have abandoned this ticker for other opportunities.
*You can drop a message to us if you are interested to try out our trading signal. Good luck & Happy Trading!