PARLO ANALYSIS
Price already move from my entry zone and test resistance 1. If price can close and maintain above R1, can look for buying opportunity base on nearest RBS (role reversal phenomena).
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PARLO trade ideas
A Divergence Signal!A significant price movement makes the candlestick top been pushed above the MA50 line then closed below the MA20 line with volume yet to exceed the MA20 line volume.
The RSI indicates a divergence signal towards index 50 due to strong buying momentum.
MACD and OBV indicators indicate an early signal of divergence signal hence entering a new phase of an uptrend pattern.
Let's save PARLO and watch out for significant price movement with volume towards the next price resistance.
R 0.155
S 0.140
PARLO - Strike it LOWHi Traders..quite long being in silent..super busy with other "hal duniawi" and the core responsibility works..
Trading Idea in Parlo
1) Compression zone observed.
2) If there is PAV seen at that key level (blue zone) - enter.
3) If it break more low - stay sideway do not enter.
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
Simple Breakout and Change of Trend Entry for Beginner Like Me.After a long period of downtrend line (DTL) since early of 2021, PARLO makes first breakout on 6 September 2021 and Volume start to increase. But, maybe got people that start to take profit (TP) until 0.300 then the price just stable on 0.210 as strong support.
Now, target the price to reach on 0.270 as resistance. If it can breaks the resistance, next target is on 0.370 but will takes time until next year.
Sorry if got any mistake because I'm newbie in this field. You all can correct me and sharing your knowledge about this, we learn together. Thank you.
Is PARLO in breakout (BO) pattern?In today trade PARLO closed higher from the previous day. Having a significant price movement and high volume confirmed the closed price. OBV chart also confirmed the BO pattern with high momentum. Hence it is in an uptrend pattern with body candle crosses up MA90. The next target will be MA200. Will PARLO be able to continue the price momentum?
R 0.325
S 0.200
PARLO - new 52WH?The price has breakout from symmetrical triangle, and rallying uptrend towards the triangle opening (0.82). Volume is increasing gradually, MACD still showing momentum with overbought RSI.
EP 0.660
TP 0.735 (Fibo 1.272 +11%), 0.820 (Triangle opening +23%)
SL 0.585 (-11%)
Speed: Fast with only 131M shares float (36% of 364M shares)
Sentiment: Economic recovery theme (new hope for tourism industry)
TAYOR
Parlo - Towards 70c ?Parlo breakout from symmetrical triangle.
Was rejected by the 495 resistance and 520 resistance days before but the volume keep coming and try to push the price out of the triangle. Today it BO from 550 (RBS) and amazingly huge volume pass it through the 575 (RBS) too. It closes at 600 which is better than I expected.
We might see some retracement/profit taking on Monday, but as long as the prices doesn't fall below 575/550, I would consider to swing Parlo.
Best EP - 575/580
EP CP - 590-600
CL - 570/550/520
TP - 650/700 and more ?
Estimated time frame - 2 weeks - 2 months