Long postion due to the price manage to break 52 weeks high. SL below the candle and Risk reward ratio 1:3
Potential TP of 0.735/0.775/0.81 Promising trend based on MACD/RSI.
This is not a buy call! Uptrend after pullback MYX:PWF EP : 0725/0720 CL : 0700/0695 TP : 0800 Uptrend chart after pullback. weekly chart still uptrend. Last breakout 22/05/2023. at 0745. BD ❌ Daily EMA ✅ Weekly EMA ✅
TAIFEX:PWF1! is breaking out of the immediate resistance level of 0.74 now. Next hurdle is 0.76 and then possibly 0.86. These are my views and analysis and is only used for educational purposes. I am not a financial advisor. Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Price tightening after breakout. Wait until candle make a new breakout with volume confirmation