2 Stock Review based on Volume Spread Analysis.
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Chart is all I need.
This random company is going up.
This trade probably last several weeks, stock market is only open a few hours a day 5 days a week minus all bank holidays, I think this makes it slow.
Just going to do nothing and wait till it goes up and then try figuring when to get out.
CTRP is approaching its support at 39.96 (38.2%, 50% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 43.88 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 1.18% where a corresponding bounce could occur.
Expecting this pair to head towards it's first supply zone at $46. Bullish on open Monday.
Please create your own TP and SL if you do not agree with mine.
The importance factor is the direction this pair is heading.
Use this as entertainment only
Today's pullback is a good opportunity to buy in. I believe over the next few months it'll swing back into the 50's. I also updated what my stop limit is at. With their financials looking so good, I expect long interest to rise leading into the coming earnings report, which will be around 2/28.
CTRP has recently seen a dip, despite their strong financials. I'm looking to swing from 47-57 (roughly). It's at a significant discount, and I expect it to rise. I'm going all in tomorrow most likely (depending on open).
My portfolio is only worth $2850. I'm a 17 year old investor, who has about 6 months of experience actively trading. Despite blowing up my ...