Target 17.66Cup and handle formation
RSI is suitable for a long.
TP 17.66
SL 6.73
Following in a daily chart.
WHA trade ideas
WHA 1H Long - Touched 20MA as expected correction in relapse?Hi there, here's another idea on Wereldhave.
In our previous post we saw that a correction wave was coming up and that it would hit the 20MA on the 1 hours time-frame. Well it did, now the next few hours might bring the chart up again. Considering other moving averages ar also still pointing upwards.
I'd suggest opening a small buy position now, and another one once we get past the 20MA again (around 10.75).
Trade safe, stay safe!
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I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
WERELDHAVE 1H Long - Retest on FIB 0.382 and exponential curveHi guys, here's a short technical analysis on WHA. We got some good gains today on Wereldhave as for the last few hours we went down again to a retest on FIB 0.382. Notice the upward curve is also still there, so we might have some support from the growing stock of the past few days.
As thing look now considering the growth of the last few days, tomorrow will be good one and hopefully the exponential curve will provide us with enough support to go up until FIB 0.55 or even 0.618! Moving averages look positive, the market is gaining strength again and recovering from COVID-19. To calculate risk we might be dropping down to 10.700 touching the 20MA but I wouldn't expect a drop much lower than that.
Trade safe, stay safe!
_____________________________________________________________________________________
I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
