Price is near buyers area. Waiting for 3 days . Waiting for confirmation then ride into it . Weekly breakout time . 44/200 is flat rising. 1:2
GSFC has opened today morning with a gap up ( 7%)...breaking out of the channel pattern...targets marked...when stocks are consolidating by moving in a range ( box or rectangle pattern) for a period of time and suddenly break out from that it is a decisive move ( up or down). Let us wait and see how it pans out.
All basic 5 conditions are matching: 1. RSI Range 2. Bearish divergence 3. Higher high & Higher low 4. Top bottom support 5. Positive reversal *This is for education purpose only
buying opportunity as it is in uptrend and now breaking out important level second time with strong candles
Extremely strong bullish pattern formed at trend line support No volumes in selling Buy at 83.75, Stop loss at 79.50 Target 1-89 target 2-97- target 3-108 Good risk to reward trade Do your own research also before taking the trade as this is for education purpose
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