MINETEC tested down trendlineLooks like MINETEC already test down the trendline and to rebound upside.
Future Ichi cloud already turns green.
Just crossed EMA200 with solid volume.
Potentially upside.
MINETEC
MINETEC Bias to go UpsideDAILY:
Already broken down trendline on 17 -Feb.
Rest for 2 days and the last candle is doji.
Ichi cloud looks like going to cross and thin.
If this Monday, price open 0.215 and above, MINETEC is biased to go upside to test resistance at 0.240.
30 MIN:
Price already crossed intersect and EMA lines - Golden cross.
Price still above Ichi cloud.
EP: 0.215 and above
R/TP: 0.240 / 0.280 / 0.345
S: 0.200
(Just for research & learning)
Bursa MINETEC Resources BhdFrom the lower timeframe, we can see that there is a descending trend formed. Entry will be at the 0.165 or 0.150 before it break the trendline & moving up / change trend.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
MINETEC - pullback might continueNew entries might want to wait it break support at 0.31. If it break support next best entry at 0.29.
Bigger direction is up trending so it will not trouble mid term trading too much.
Why should not worry?
- look at how directors keep buying
- last time the price at current high was in 2014, it breaking new highs
Why expecting pullback tomorrow?
%K the fast stoch even though still above %D is getting closer to each other expected to cross down and there where pullback start to happen. If there is pullback wait for 0.29.
