Already break resistance 0.05. Anticipating a long position from current price 0.08.
tried to enter at 0.065 but didnt manage to get it. Awaiting some retracement to buy. Since this is super penny stock, utmost cautious need to be observed. Not suitable for low-risk investors.
P/s: Not a Buy/Sell call. Please due diligence before enter any trade.
Follow me in...
1. Weekly TF show major uptrend (yellow line)
2. In 3Om TF was found Deep Crab pattern and point B near 88.6%
3. My Trading Plan if break for point B is my EP and CL at point A
4. Using Fibonacci retracement point X-A to get point D at 161.8% for my 1st target.
#swing
#TrailingStopLimit MYX:ITRONIC
Itronic, Major correction after 5 waves impulse.
major correction pattern ABC ZigZag and at the moment has retraced up to its usual limit of 161% of Wave A.
Im expecting at least a technical rebound from here.
if price can break 0.265 resistant, it may trend higher to 0.285 / 0.305 / 0.365
- V reversal can be seen. Rebounded below area of 61.8% Fibonacci.
- Small ascending triangle can be seen with resistance of 0.465.
R1: 0.464
R2: 0.5
R3: 0.555
R4: 0.605
S1: 0.405
S2: 0.365
#chartpatterns
#technicalanalysis
#ITRONIC
20%++ up today, got rejected by 0.53 resistance few timess today, i personally will wait for a build up near 0.53 resistance for me to enter the trade. NOT A BUY CALL
After successfully performed a breakout from triangle pattern last Friday, Itronic is on a perfect platform to continue an uptrend movement. Next immediate target is to break the resistance at 0.205. If it manages to do that then it is possible that it will break the resistance at 0.220 too.
