SJC has break from consolidated state?We can see the the pattern cannot break from 0.335 and possibly with strong volume if it break the resistance the trend will change to uptrend.BO:0.335,SL:0.295,TP:0.385
SJC trade ideas
Short-Term Trend Pattern!The candlestick pattern indicates a price action to break out R1 price resistance without volume support which shows low conviction and interest from buyers. Therefore, the price is more likely to continue moving up because of the less resistance from the seller.
The price action uptrend move is not in tandem with the positive trend where MACD and RSI didn't indicate a supportive technical reading. Therefore, details technical analysis is required.
Let's save SJC in WL and watch out for price action uptrend move with support from volume together aligned with positive technical reading from MACD and RSI.
R 0.545, 0.570
S 0.455
SJC strong uptrendMYX:SJC
Following the trend after price break MA10,20,50 with increasing bank volume. TP is 2.965 / SL is 2.74 (1:2 RR)
<TradeVSA> SJC - Strong Market Stages with PullbackSign of Strength in the chart:
1. Uptrend with Pullback
2. Change of Behaviour
3. Volume increasing on upbar
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
