POSITIONAL : EXPECTING A BOUNCE IN GASX ABOVE 1 WEEK (35)

5.11.2019

GASX HAS BROKEN 1 MONTH RESISTANCE AND NOW HEADING DOWNWARDS FOR A SUPPORT. THE LAST ORANGE CANDLE IS PRESENT 5 DAYS (40 LEVEL). SO GASX IS EXPECTED TO TAKE SUPPORT FROM 5 DAYS AND THEN BOUNCE ATLEAST UPTO 1 DAY TARGET (80). IT SEEMS LIKE IT IS GOING TO GO TO 1 DAY TARGET OR TO PREVIOUS HIGH LEGEL (95) AND DROP DRASTICALLY DUE TO THE TREND REVERSAL (M). CURRENTLY RB TREND IS NEG AND CORE STRENGTH IS 3 DAYS.

FOR THIS TRADE WE NEED TO WAIT TILL THE PRICE REACHES 40 ATLEAST AND THE WITH A 3 OR 5 DAYS SUPPORT. WE CAN GET INTO IT.

CORE STRENGTH : 3 DAYS
CURRENT PRICE : 56
PROBABILITY : 60% (FINAL DECISION TO GET IN LIES ON 3 OR 5 DAYS SUPPORT. WITH REVERSAL AND CONF GET INTO THE TRADE.)
EXPECTED TIME OF OCCURRENCE : 9 MONTHS - 1 YEAR

TARGET 1 : 52
TARGET 2 : 69
TARGET 3 : 78
BUMPER TARGET : 91