long term CCI trend changing signalAs you know, CCI(Commodity Channel Index) is the indicator of how difference from MA(Moving Average). If CCI(period) value is 0 then it is the same value of the SMA(price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI. What I chose value is 240. which is almost a year of period. My signal will be plotted this long term CCI indicator cross over -100. But I don't want it to be marked in case of long term CCI value fluctuating from -101 to -99 which will be marked frequently. Thus I put candle counter of 60 days after cross under -100 then only I count for cross over -100. By this I have very good signal to mark on the chart. Please enjoy my signal and have good profit from it~! Gazua~!
BC94 trade ideas
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005930 (KRX) - Bullish Potential
Samsung ST SHORT to ~47400Potential short IF Samsung breaks out of the current channel its in.
Entry ~55000
Exit - ~47400 - 48000
- exit triangulates with length of channel
- exit also happens to be support level from the 2019 ascending triangle
why we could be breaking downwards outside of the channel break
- SPX double top?
- fresh Huawei ban should cause some ST disruption for semi names
SAMSUNG ELECTRONICS CO daily analysis Hi friends
the daily chart of this market shows that it will experience an uptrend in the next few days but you should not enter a buy before the resistance breaks out at the 998 level but at the same time it is better to be vigilant of the change in the direction of this market
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