Buy once it break through the resistance
Can take profit at top of resistance
Buy back at the bottom of resistance
Holding period expected to be 1-1.5 years
with rising of china semiconductor industries, SMIC had successfully made 7nm BTC semiconductors, even outperfom Intel in terms of effiency. Many ICs are made within China given current International conditions, China has given massive financial stimulates and the company is having multiple quarter of growth and set to challenge many rivals.
This giant is...
After reaching 1.382% in January 2022, DENSO has fallen to its old resistance (Currently as support), Will this support can handle it? I think it can't. Now still in correction wait for the price break down to confirm a correction.
TSE:6902
Price has been consolidating for a few months. Price recently gapped above and took liquidity at 1540 but is unable to close above. Price is on a downtrend since then. Right now, we see the price built sell-side liquidity. This might be a short-term bearish target and price might target further to the lows at 1242. But first, price is more likely to fill the fair...
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
Nothing much to say here. Compact Cup & Handle Continuation...
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
Nothing much to say here. A textbook Head & Shoulders at the...
After 4 retests of the trendline the price enters a bullish channel which could continue for several weeks or months. Here, we are really in the long-term investment.
It has to break out of the resistance level at 234.30 before it can rally higher. Note that this is a fairly strong resistance level as it has been resisted several times.
Also, there is a possibility that it might retrace to close the gap around 203 to 209 before going higher.
Please DYODD
After several bounces on the trendline, I rather see an increase in the short term but for the long term it remains mixed. Perhaps the appointment of the new president will restore momentum to the stock of the company in the long term.
Breakout of the trendline, pull-back already made, RSI above the 50 zone and 50 period moving average in support: very high probability of an increase.
the 50 moving average seems to want to support the price over the last 13 candles after the breakout of it with force on March 28, 2022 and the RSI resumes acceleration, gradually approaching the neutral zone. If we break the trendline and we position ourselves above the 50 zone of the RSI, we go buyer after the pull-back.
