Significant price movement together with high volume indicates the candlestick pattern in a breakout phase.
The RSI indicator confirmed the price breakout due to gains is greater than the losses where the momentum indexes >70.
MACD and OBV indicators also confirmed the price trend; a strong uptrend.
Precaution for a price correction between 10% - 20% due to traders taking a short position before continuing the uptrend towards the next price resistance.
Let's save LBALUM in WL and watch out for significant price movement with volume towards the next price resistance.
R 0.650
S 0.560
The RSI indicator confirmed the price breakout due to gains is greater than the losses where the momentum indexes >70.
MACD and OBV indicators also confirmed the price trend; a strong uptrend.
Precaution for a price correction between 10% - 20% due to traders taking a short position before continuing the uptrend towards the next price resistance.
Let's save LBALUM in WL and watch out for significant price movement with volume towards the next price resistance.
R 0.650
S 0.560
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.
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.