Lets see how this plays out
Entry: 9.63 Stop loss: 9.87 Shorted the counter after it broke down its previous low with high volume today. The 3 SMAs are trending orderly downwards.
ENTRY: 9.65 TP1: 9.24 TP2: 8.34 SL: 10.02 - RSI<35 - ADX>25 - FFI and RSI -ve - Good volume breakdown on 13 Jan 2021 and retraced back with lower volume - Entered today
Positives: 1. There is very strong support line (2h-4h) 2. RSI positive 3. MACD positive 4. Price just crossed the fib ret level and ready to repeat uptrend movement. Good chance to take quick profits.
ASX:AGL Weekly chart. The brief trade analysis presented above is my predicted direction only. AGL looks more optimistic than APA,AST and SKI. The price reach nearly EMA 200 at $20.28 which acts as a strong support line. The price can bounce from EMA 200 and move to $23.90 resistance level In spite of RSI confirm downward movement and is oversold territory, the...
uptrend.... enter to buy position after good closing above tl on daily time frame