TradingView
scilentor
Apr 30, 2018 1:06 PM

VERK - OMXH - going for a breakout from the down trend 

VERKKOKAUPPA.COM OYJHEX

Description

This one could be a good opportunity. We're going for the re-test of the downtrendline. In case of a breakout targets would be set at 7EUR. Entry at 6EUR and stoploss in case you want one would be 0.4EUR below your entry. Risk/profit ratio would be around 2.4.

Note: Resistances at 100 and 200MA in case you wanna play midterm instead of long.

Entry valid IF we break from downtrend.

Comment

Pivot points and ichi cloud show sideways movement for a few days to come

Comment

Comment

Trend line turning moderately mid term bullish, according to the MA-lines.

Comment



5.80 broken, if daily candle closes outside the downtrend line we're officialy in bullish Waters.

Comment

We're officially bullish now.

As you can see, we're outpreforming the trendline, RSI marks overbought. We will make a small correction in the near future - this will be a good entry point.

Comment

Takeoff

Comment



RSI red, MACD crossed. We will enter back the regular uptrend.

Putting some buys for myself at 6EUR.

Comment

Well this was a spot-on call. Won't be updating it anymore.

Comment

More