Ecowld 8206 - Potential Breakout from Falling Wedge
Updated
Ecowld (8206)
Potential breakout from falling wedge (Long Term), descending triangle (Mid Term)
High volume accumulation in sideway consolidation zone from 625 to 685
Bullish divergence in a downtrend (MACD)
Trading Idea:
Enter when the price breakout from falling wedge resistance line with high volume
Average up when the price breakout from sideway resistance 685
CL if the closing price is below 625
TP at 90 cents
Potential breakout from falling wedge (Long Term), descending triangle (Mid Term)
High volume accumulation in sideway consolidation zone from 625 to 685
Bullish divergence in a downtrend (MACD)
Trading Idea:
Enter when the price breakout from falling wedge resistance line with high volume
Average up when the price breakout from sideway resistance 685
CL if the closing price is below 625
TP at 90 cents
Note
Broke 0.685 sideway R on 11 Dec
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