JSE:BLU - Daily Hammer
Updated
!!Counter Trend
- Hammer on the recent 520 pullback
- Limit ~465
Trade active
Rejected off 430 support.Breaking 430 will trigger an exit as the next level of support is below soft stop at 390
Note
Today the price broke the 430 support but by the close of tradee the price had re-traced and ended in another hammer.This is a great example of resisting taking actions intra-day. Wait for the candle to complete it's daily move.
Support is back at 450.
Trade closed: stop reached
Trade fell apart.Gamblers call to hold at this point.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.