Price uptrend (since beginning of Nov 2020), cross over MA50 (blue line) and MA20 (orange line).
Two times touch MA50 line till price 167.00 and appeared downtrend with 8 trading days to form a build up.
A price rejection : pin bar on MA20 line, draw a trendline (purple line) from first day of downtrend. RSI and MACD also in uptrend signal.
Next day a strong bullish candle breakout as confirmation and reversal buy point after that.
IBD's RS (Relative Strength) = 98, Industry Group Rank = 24 / 197
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I will be popular investor in Etoro, take a look of my portfolio and copy me to start the trading journey.
My Etoro Profile:
www.etoro.com/people/ginlin0657
Etoro Registeration Link:
etoro.tw/3buIe0N
Two times touch MA50 line till price 167.00 and appeared downtrend with 8 trading days to form a build up.
A price rejection : pin bar on MA20 line, draw a trendline (purple line) from first day of downtrend. RSI and MACD also in uptrend signal.
Next day a strong bullish candle breakout as confirmation and reversal buy point after that.
IBD's RS (Relative Strength) = 98, Industry Group Rank = 24 / 197
=====================================================================================================================
I will be popular investor in Etoro, take a look of my portfolio and copy me to start the trading journey.
My Etoro Profile:
www.etoro.com/people/ginlin0657
Etoro Registeration Link:
etoro.tw/3buIe0N