IDX.ASX_Range Breakout and Retracement Trade_LongENTRY: 4.95
SL: 4.61
TP: 5.55
- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout of range and HVN on 30 Sep 2021.
- Retraced to 200MA and rebounded today with high volume.
IDX trade ideas
IDX - Channel Breakout on good Fundamentals This stock is showing great signs of breaking out of it upwards trending range. The ADX is holding a strong bullish trend with the reading of 40. All the moving averages are aligned and the SAR indicator confirming a buy signal. The OBV stayed well above its moving average as pull backs waves are becoming smaller, on low volume, as price moved higher. The stock is also backed by good fundamental data for the past three year running.