The Stochastic, Stochastic RSI, & RSI are all flashing green "buy signal"...
The MACD is quite-strongly suggesting a price rebound upwards again very soon...
Additionally, the Ichimoku bright-green MA is drifting the price too far away from the bright-red MA (& then the price is also offset from the bright-green MA by a significantly wide margin); as such, the price should pullback upwards to the bright-red MA once again pretty soon...
Price target would be at the cloud-resistance overhead (although traders can choose to take-profit anytime earlier)...
*This chart is just a sample trade suggestion, it should never be used for making a big investment decision (that may result in any great loss)...
Best regards.
The MACD is quite-strongly suggesting a price rebound upwards again very soon...
Additionally, the Ichimoku bright-green MA is drifting the price too far away from the bright-red MA (& then the price is also offset from the bright-green MA by a significantly wide margin); as such, the price should pullback upwards to the bright-red MA once again pretty soon...
Price target would be at the cloud-resistance overhead (although traders can choose to take-profit anytime earlier)...
*This chart is just a sample trade suggestion, it should never be used for making a big investment decision (that may result in any great loss)...
Best regards.
Trade closed manually
Alright, the trade is closed manually to collect the profits... I will be going to look for another trade...Best regards.
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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.