If BEAUTY break out the upper level of trading range at 1.89, it might be a good entry. Stop loss can be placed at the previous gap and TP is at Fibo E. 127.2-138.2% as the first target.
looking for 0.618 to hold for 2.618 - 4.619 target for pt
My BEAUTY’s favorite setup. Long if above MVAVG.
If buy it will go up to 11 bath but if it go down it will go to 8.90 bath
Assume selling climax in July 2018 and accumulated for 26 bars. Then it did breakaway gap and marked up(01) for 30% approx. Again, it accumulated for shorter period for 16 bars and later did the breakaway gap which assuming this is in the mark up phase(02). Hopefully, it will reach 30% as a minimum next TP that should not be less that mark up phase(01)....
SHORT : 11.7 STOP : 12.5 TARGET 1 : 10.9 Reason : Divergence (1H) *** I just make this chart just for my study, if you follow, take your own risk ***
This video shows how to spot an onset of a new uptrend during early months of IPO stock when the popular RSI and MACD tools give no data at all.
Confluence of things occurred to hint us for the onset of recent (August 2018) rally of SET:BEAUTY. In its daily graph, BEAUTY was obviously in a downtrend with CC5 (the Close of current bar compared with the Close of 4 bar before the current bar) consecutively counted to 20. At this point the RSI(14) had been down below 30%. However, the Bollinger band (20,2) was...