Let it climb UPFertiglobe is showing early signs of reversal, it was in a strong downtrend I didnt see any big buyers for this stock but last week we saw good volumes and its looking positive on the charts too. I think very soon it will try to retest 3.00 not to forget its a strong supply area as previously it will trying to break through but it get heavily rejected and made a new low.
So lets see this time if it will be a success. Over all trend is down but we can plan for quick entries and exits.
Hit like & follow guys ;)
Adxmarketwatch
Bulls are here to STAYAmericana performed very well after they released the news about distributing dividends. Investors got excited in Wednesday's session and bought it in big volumes. Best part is in Fridays session when volumes are usually low and people book profits we didn't see any deeps correction it just touched 3.22 and again buying pressure came in.
For now Americana is still in a strong downtrend we cannot confirm a trend reversal just with one green candle spike. For now immediate resistance is at 3.35-3.40 zone once this is taken out then major resistance is at 4.10 coming week Americana will be in spotlight so lets see if its sustains or give up the gains.
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Sign Of ReliefWith todays candle close we are seeing some sign of relief, but still over all the trend is to the downside, this can be a short recovery. There are good chances it can hit the resistance to make a lower low. Over all this stock is very strong and also fundamentally the company is very powerful. Due to the geopolitical scenarios our stocks are taking a beating for now.
But i am very positive very soon we will come out of this mess and our markets will triumph !!
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Hand onI am still bullish on this stock, its still in a uptrend as of now its in a ascending triangle chart pattern. With todays closing it have made a doji right at the resistance creating confusion for tomorrow. But i think its worth taking a chance as this stock has a potential to make big moves. It is good for intra day and swing trade too. Over all this is bullish stock in adx market.
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Correction TimeTrend
Its still trending up, but for now it has hit the resistance at 4.10 area, today i sold multiply at 4.07 but i think it will come down for retest at support zone and this will be a buying opportunity for those who missed it at lower levels.
If it comes around 3.95 lets wait for buying pressure and then pull the triggers.
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Let it comeTrend
Its still in a uptrend but for now its bit extended so a correction is due on this recent rally to the up side. For the last 3 days we are seeing Doji candles at the same place I think it will make a big move very soon.
Support & Resistance
For now next support is around 1.10 zone and resistance is at 1.15 area. I will wait for it to close above 20 day moving average to make a by decision. Tomorrow will be very interesting to see if it can manage to close above the resistance.
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Very CriticalFor now its just goin side ways, very thin volumes traded in this stock. Usually we see big volumes when there is at news that is effecting this stock. For now nothing interesting, if it breaks the current support area that is 19.75-80 area then it can come down for a retest. Other scenario for it to be bullish it will have to break 20.35 and close above it to attract buyers. For now its in a no trading zone.
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Its a PAINTrend
Its been just going side was for ages now, once it breaks 3.46 and closes above with good volumes thats when we can have a trend confirmation. With last weeks closing its looking weak.
Breakout
Once we see a confirmed breakout that's when we can plan out buys for now its in a no trading zone it can retest support 1 and support 2 area. Also the have announced bonds that got listed on ADX this stock is looking good.
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Bulls are here to stayWith big news surrounding Qholding bulls are just going crazy and buying what ever is available in the market. This stock have become very bullish for now and it will continue its momentum.
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What Next?After the big announcement of dividends we saw a breakout as i had mentioned earlier but looks like it was a fake breakout!! it could not sustain the gains and todays closing is negative. Next support area is around 3.75 lets see how it performs coming week. On the other side I think it will soon give us buying opportunity so lets "stalk" this stock.
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Its ready to flyIts been trading in the lower range for so many weeks now, today was a good day with higher volumes for Manazel. Its in a bullish chart pattern and hopefully if market is positive tomorrow most likely it will breakout to the upside. Today it failed to hold the gains but still looks positive. It should not open with a big gap down else it will turn into negative. Overall this is a bullish stock and ready to fly higher.
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Nice Bullish MoveIt had a fantastic run last week and i made good profits trading this stock. We will get another buying opportunity if it comes around 1.90 zone as its a support area. I would like to see bullish momentum in this zone and pull the trigger. We can get good target with good risk management. Over all this stock is bullish keep stalking for a right setup.
Hit like & follow guys ;)