Spring effect on vwapBuy idea because as you see on the we have a spring effect on the vwap indicator and if we have also the breakout with force the resistance line by a big green candle with a large green volume we will have a good uptrend. Thanks!by PAZINI192
Long Assa Abloy (ASSA-B)Now is time to buy ASSA, if you ask me :) IT IS IN THE GREEN ZONE on my point of view :)Longby Mr_Svenstrup1
Long Assa Abloy (ASSA-B)Now is the time to buy ASSA, if you ask me :) IT IS IN THE GREEN ZONE :)Longby Mr_Svenstrup0
Long Assa Abloy (ASSA-B)Now is the time to buy ASSA, if you ask me :) IT IS IN THE GREEN ZONE :)Longby Mr_Svenstrup0
Next swing ASSA_B shown on a weekly chart. I have added some indicators to the chart to give you some ideas on how it has behaved. As you can see it has gained a nod like all other stocks when Corona started, but has since been steadily rising with higher highs and higher lows and is now at the support line Both RSI and MACD are positive and uptrend, the same applies to the MA lines 20/50/200 (on a one-day chart), ie the price itself is in uptrend. The positive thing about it is so positive is that it has just crossed the MA 200 line and made a bullish cross with MA 50 (positive long-term signal) As I see it, 2 things can happen now. 1: It lies and gathers more momentum up here at the support line before it breaks through, 2: The support line rejects and it gets a nod down and maybe even down to the trend line, however, I could not just imagine that it breaks down through price 205, A possible take (not a recommendation just a thought) Entry: course 218 Take Profit target 1: Price 250 (14.60% - Risk 3.38) Take Profit target 2: Price 270 (23.40% - Risk 4.31) Stop Loss: Price 209 (MAX tab 4%) Disclaimer: I do not hold the stock greetings Marttin Facebook Tekniskanalyse/simpleinvest Longby SimpleinvestMarttinUpdated 1