Inverted Cup & Handle Signals Downtrend for Goldfield 1. Price Formation: The price has broken out from an inverted Cup &Handle price formation on a daily chart. Bearish sentiment. 2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. (7<21<200) 3. 200-day Moving Average is below the Price. 5. Relative Strength Index (RSI): The RSI is < than 50. 6. Price Target:R129.75
Hi Sahle. Nicely Spotted. A TIP if you wish to use is ALT+J at the end of your MA's. This draws a line only to the right, unlike ALT+H which is the whole chart. Then colour it the same, make dotted and name it. This makes everything cleaner. As the chart moves, you will have to drag it to its new position, which helps you see the up and downs and therefor trends. I also do this for my Stop Loss Alerts. Trust this is appreciated. Regards. Graham.
Sahle
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@hitchcoxg, Oh thank you Graham. Indeed it is appreciated. i will give it a try.