Excl swing trading potential
Excl has a potential of swing trading with a 1:2 risk/reward ratio. It can also be seen that excl are trying to make a pattern which is double pattern. Excl in this week will try to test the resistance in 2270 where if it breaks out, there can be a potential of going to 2400 where the next resistance are. Buy at the range of 2190-2200. Cut loss when price is below 2120. Keep in mind, that excl needs to break out of its resistance which is 2270 in order to go to the next resistance which is 2400. Excl red volume is decreasing as well.Which means that the amount of retail/investor trying to sell the stock is decreasing. MACD bar chart are slowly progressing upward.
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