Breakout of the trendline, pull-back already made, RSI above the 50 zone and 50 period moving average in support: very high probability of an increase.
VT stock indicator show change of trend direction
VT Stock indicator is a stock breakout trend indicator for identifying the change of Mid to long term trend direction
(Disclaimer: for demonstrating own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
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It is premature to put a buy entry now as the price action has yet to break out from the bearish trend line. To anticipate a move to our liking is akin to asking the market to follow our direction, a grave mistake that I made and paid a price to learn this valuable lesson.
WAIT, let the price action tells you what to do. Put this in your watch list and monitor....
