MA 200 started to flattening, a signal for bearish to end
Volume is picking up
RSI showing positive momentum
Construction index also showing uptrend momentum ahead
Trading Idea
- buy half position on breakout @ 1.15 - 1.75
- watchout for volume on breakout
- if volume is not spiking up on the breakout, sell all bought position
- if volume is spiking up on the...
Technically
- Stock have moves above MA 200
- MA 200 is flattening, the bear is weak
- Uptrend RSI momentum
- Transportation index also showing uptrend move
- Volume is getting build up, high potential for huge breakout
TP 1 - 28% -30% potential profit
TP 2 - up to 90% potential profit
TAYOR.
- Chart above MA 200, shows a strong bulls power
- Chart break out on D1 timeframe
- Good volume on the breakout
- RSI above 50 and showing uptrend momentum
- Profit taking are currently happening
- Chart moving into SNR area
Other info
- Oil price are showing positive moves
- Energy industry breaks MA 200
Recommendation - Buy at 1.30, TP at 100%, SL at 15%. RR...
Apple seems to enter the stage 3 market cycle where the uptrend momentum is getting weaker
Volume is plummeting with RSI divergence.
Major trend line has break down on D1 time frame chart.
Potential for short sell on the pullback. TAYOR.
I would rank this as A+ stock
Reason being:
Just breakout at latest resistance level with healthy amount of volume
RSI showing positive uptrend momentum
Stochastic shows an overbought, potential retracement coming ahead
There is no historical resistance above
Could this be a stock that growth for another 100-200% by end of 2021?
Greatech continue to going upward with positive revenue growth for 2020
Summary of analysis & trading idea has been provided in the snapshot. Let us be profitable together!
