hey guys ,
ITC stock was moving in great and constant UPTREND
BUT as you know that ,
IN STOCK MARKET , a stock will not move in a straight uptrend .
It will follow a pattern and it will move in UPTREND by following that pattern .
so, ITC stock was also following a pattern
and now y'all can see that , this stock has crossed RESISTANCE of that pattern
and it...
1. Horizontal price levels are working well on the stock
2. Weaker than the market
3. Globally and locally downtrend,
4. Price level confirmed by touch and false breakout
5. Distant test
6. Approached with paranormal bars
7. The instrument has energy
8. Point of the trend reversal
9. Potential 10 to 1
Two traders brought my attention to FMCI. They are SuggMyStock and adamans . I been analyzing it alot on Stocktwits, looking at the sentiment analysis as well as the recent "ladder spikes". I also been trying to focus on recent correlations and the sentiment leading to the past breakout. Realistically, I think that $FMCI can hit a $30 target post-merger. I...
1. Horizontal price levels are working well here
2. Weaker than the market
3. Globally long locally short
4. Price level confirmed by touch and a false breakout
5. It was a near test, did not go down, the price level is working very well(open M5 timeframe), closed above the level
6. Potential 10 to 1
