On daily time frame, GGGL has made an inverted Cup and now Handle is likely in the making as drawn.
On RSI there is NO bullish divergence. Hence price going up from the support level which can even continue down wards after a few days. Moreover, there is a resistance channel just above whereby price can be pushed down.
Technically, very correct entry is at BUY-1, after crossing the previous Lower High with TP around 12.30 and SL 10.60.
On RSI there is NO bullish divergence. Hence price going up from the support level which can even continue down wards after a few days. Moreover, there is a resistance channel just above whereby price can be pushed down.
Technically, very correct entry is at BUY-1, after crossing the previous Lower High with TP around 12.30 and SL 10.60.
Trade active
SL was hit which was very tightly placed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.