structure looks positive to me..
watchout of an upthrust.. as the current upmove is happening on low volumes;
on the contra side, 250 levels previous was receiving a lot of climactic bars and progress was being stopped inspite of volumes, after that, the stock went into a base formation and such volumes are not being encountered, is it a sign the required supply...
It appears we will hang out within a trading range Between $237.50 and $265.00; repeatedly testing the upper boundary of an Ascending Wedge we see in the Weekly Time Frame. We will have a better idea of how much longer we may continue to test that upper boundary of the Ascending Wedge once we see the White Energy in the Weekly time frame approaching the 50...
technically, it is coming out of a nice base, and presently testing the 52week moving average, which was previously a strong resistance, the 220 region which was also a resistance was taken out on record volumes and presently, another small reaccumulation is taking place at the 52 WMA…
over all a very nice change in character with consistent higher lows, and of...
Buyzone at 232 to 236 as plan1
Plan 2: Short at 222.8 to 217.5 and tsl as it is w3
SL compulsory
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