Technical Analysis / Trade Setup
There could be a trade coming up next week in energy.
The 50sma has worked as support 2 consecutive times, and could potentially do it again.
This level is also coincidental with the 50% Fibonacci retracement level & 2020 highs; which suggests this support level has more strength.
There is a very...
Continuing the series of stock selection:
Last time i shared the idea to select stocks by indices :
Now, this time i am attaching the screenshot of sectorial performance on different time frames.
It gives us clear idea , where momentum is bullish right now.
Description of the analysis:
The financial sector is showing an attempt at stabilization, but so far there is no talk of stabilization. We see gaps up and down. It is necessary to wait for a clearly defined volume distribution. Gaps tend to fill sooner or later. The way up again will be hampered by marked resistances. At the moment, I would be...
STRATEGY - PRICE VOLUME ANALYSIS:
SPSETIA, bottom formed. As mentioned few weeks back before the property sector boomed, one of the most potential sector for now is PROPERTY Sector!
When we involve in trading activities, we should select only the leader which will generate a huge upside in a more powerful and faster way, such as SPSETIA and ECOWORLD. PVA...