Tupras is makin rising wedge with treble top, with lower and lower volume , and falling and falling RSI (making bear flag alike) A is .618 zone for the rising wedge also where I expect SMA 200 to be, B is .5 for A and C is 1.618 for A and B. Expecting a bigger drop on long term.
This is setting up for a nice short play. We have learned to play these markets by playing crypto and while nothing is happening with that at the moment we can play real markets such as forex, stocks and indices. These things move every weekday. Tuprs is a Petrol company, they buy oil and make products such as oil for your car, gas for heating and petrol. Looking...
Since the bigger correction and then nice recovery from 94 with "buy recommendation" from Morgan Stanley, Tupras shares went up. RSI and MACD showing, that momentum is lost and price is in between the channel/triangle. There are few still a space both on RSI and price to move up, which means that it can go all the way up to around 140 which is the top sport of...
So forget about triangles and triangle targets. Forget about news. Forget about what is next. Easy ? Hard to believe ? So... It happened again again again again...