SFPTECH,Capitalsahamplus Algo TradingSystem Remisier The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
SFPTECH trade ideas
SFPTECH, potential for trend reversal.1. The recent rebound from the support level at 0.845, coupled with the successful breach of the downtrend line, signifies a promising indication of a potential reversal in the current trend.
2. the crossing of the Accumulation/Distribution indicator above the 0 line further reinforces this outlook, suggesting an increase in buying interest that can potentially sustain the upward price movement.
SFPTECH, potential swing higher?Potential to rebound and swing higher?🤔
>> Bottom catch has signal 🚦
>> swing traders seems collecting
>> big picture 🖼️ is at bottom too
Just wait for next signal... Just wait.
> Hull MA still red ♥️, wait for 💚 🚨
> possible to challenge new high? We won't know. Just see how the market react.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Ascending Triangle Pattern @ SPFTECH1. Ascending triangle pattern can be seen
2. Looking at past history, price will bounce when hitting at the support of the pattern.
3. No abnormalities in terms of volume, RSI and OBV. Besides, volume becoming lower and lower for 4 days and that showed that the selling pressure is becoming less and less.
4. Risk reward ratio is 2:1
SFPTECH VCP SETUPSFPTECH form an obvious VCP with below contraction.
C1: -27%
C2: -13%
C3: -11%
Foresee there will be another C4 contraction below 10%. Be patient and monitor closely.
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.