This is no first time I publish this kind of idea but with a different company name
Because the main method that I use is based in support and resistance and when a resistance is broken by a overnight gap, it's very significant.
A stock gap is very relevant for better or worse, but in this case is in favor of the trend,
Have to take into account the graphic in general, not because appear a gap a trader, must jump blindly in the idea, is where it appears what counts
(The gap is in the red circle and appears in the daily chart) but I publish from weekly charts only. The trader need to use the daily chart with your own setup
The other important thing here is the day that the gap happened (January 25 2018) It was a very volatile day
and leaved a long lower shadow (In the daily chart) remember that long lower shadows are very bullish
what evidence do I have here.
* Resistance breakout + Bullish gap + long lower shadow
But now it's a matter of waiting for a pullback around 43.00 or 42.00 and remember that I use my moving averages like a referent point
but I need that the price come close to the red line of my moving average for a better entry price
by the way look the highs of 2007
Because the main method that I use is based in support and resistance and when a resistance is broken by a overnight gap, it's very significant.
A stock gap is very relevant for better or worse, but in this case is in favor of the trend,
Have to take into account the graphic in general, not because appear a gap a trader, must jump blindly in the idea, is where it appears what counts
(The gap is in the red circle and appears in the daily chart) but I publish from weekly charts only. The trader need to use the daily chart with your own setup
The other important thing here is the day that the gap happened (January 25 2018) It was a very volatile day
and leaved a long lower shadow (In the daily chart) remember that long lower shadows are very bullish
what evidence do I have here.
* Resistance breakout + Bullish gap + long lower shadow
But now it's a matter of waiting for a pullback around 43.00 or 42.00 and remember that I use my moving averages like a referent point
but I need that the price come close to the red line of my moving average for a better entry price
by the way look the highs of 2007