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eskopitehmilo
Mar 4, 2022 12:54 AM

A Breakout Signal! Long

LB ALUMINIUM BHDMYX

Description

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
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