After -13% pullback over 14 days, we observed a reversal with limited upside within symmetrical triangle. We also observed a strong resistance @ 1.47, which could be one of the barriers to hit our TP. Volume is reduced during the pullback, and we can see it continues to build during the reversal.
MACD+RSI+STO showing a positive movement and we believe it will...
Significant close above resistance at 1.38. Potentially continues rising to 2.10. Exit below 1.12
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TA:
Higher low formed
Short term trendline breakout after long term trendline breakout with EMA25 heading towards EMA50
1st entry price 1.25, 2nd entry price 1.35
TP1 1.45-1.50 (7.5-11%)
TP2 1.60 (18%)
SL 1.28 (5% loss if EP 1.35)
FA:
Geely sales volume new high (already react in its share price movement)
Vaccine news create confident towards consumer...
Hi,
I think this hourly TF shows a nice VSA/Wyckoff accumulation pattern
We have a confluence of horizontal line A which was a previous resistant than has been broken to the upside, and the up trendline C which has been supporting price before (please zoom out the chart to clearly see the significant of these two lines)
Bar 1 and 2 both had high volume and...
For moment BAUTO is in parallel channel.
Even in latest news he slumps in 8.02%, the buyer still push the price with good volume.
www.theedgemarkets.com
No entry can be seen so far untill the price can back up till resistant 1.175.
TP: 1.850
CL: 1.655
Bauto has been trading sideways between the support (S1: 1.85) and the resistance (R1: 2.43) for almost 4 years. It broke out above the R1 on 10 June 19 with a volume of 23mil. The stock now has a price target (PT) of 3 so long it continues to trade above R1.
10-week EMA is often used by traders for entry signal while 30-week EMA is for long term investors....
