We are short term bearish, as Tfuel has not been able to break the blue downtrend line. Long term we are still bullish until it breaks the longer uptrend line.
Follow these steps:
1) Continue to hold until blue uptrend line breaks down
2) Buy when candle open/close above current resistance or Engineering Robo gives two buy signals
3) Sell if candle open/close below blue uptrend line or Engineering Robo gives two sell signals
Follow these steps:
1) Continue to hold until blue uptrend line breaks down
2) Buy when candle open/close above current resistance or Engineering Robo gives two buy signals
3) Sell if candle open/close below blue uptrend line or Engineering Robo gives two sell signals
Comment:
We broke resistance and moved up 12% last 2 days. Tfuel could retest .44 in the coming days, presenting another buying opportunity. If it falls below .44 and candle open/close we will sell.
Comment:
Tfuel bullish continuation. If looking to enter watch the .58 to .60 area. It's possible we will see .80 to $1.00 for this chart in the coming weeks.
A candle open/close below .40 would invalidate this
A candle open/close below .40 would invalidate this