Hey traders, NCR CORP is in a bullish movement with low executed buy volume and sellers rejecting the candle high. Looking at the TIMEFRAME M1 we notice a large purchase volume issued at the beginning of the session and at the end a consequent volume followed by a tombstone. It goes in the direction of its low point which is on the VWAP to make a rebound and restart its momentum. Strong potential to break out the price with the consolidation zone and go to the next high (See TIMEFRAME H4).
Two resistors have passed what corresponds before the panic and on the TIMEFRAME H1 we find three. Then if the buying force is present, break in power the last attempt to accelerate before the collapse seen on ANDREWS PICHTFORK.
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Two resistors have passed what corresponds before the panic and on the TIMEFRAME H1 we find three. Then if the buying force is present, break in power the last attempt to accelerate before the collapse seen on ANDREWS PICHTFORK.
Please LIKE & FOLLOW, thank you!