HUMNL trade ideas
HUMNLThe current price action demonstrates a consolidation phase, as delineated by the curve indicated on the chart. Furthermore, a bullish divergence has emerged in conjunction with the RSI. Notably, the RSI exhibits an upward trajectory, indicative of a burgeoning upward momentum. Should the price breach its resistance level of 6.90, this may signify the formation of a cup pattern.
For strategic accumulation, a range between 6.55 and 6.65 presents an opportune window, with an initial target set at 6.90 and subsequent advancement to 7.20. It is advised to implement a stop loss strategy beneath the threshold of 6.38 to mitigate potential losses.
HUMNL Showing down trend - Continue - Last day Trade of 2023I'm stick to my stance market is trap for small fishes.
PSX shows bullish but it is bearish in actual and it will reflect selling tomorrow.
Tomorrow last day of 2023 trade, Big selling
Low volume today & Form the Lower High today, so tomorrow Lower Low
Avg out between 6.30 to 6.50 which is support
7.00 is resistance as it can't break, so down fall started
HUMNL Showing down trend - ContinueHUMNL worked as I analyzed, overall whole PSX shows slightly in correction mode, but in reality it's just trap to attract small fishes before Year END.
Tomorrow we will see slightly selling in HUMNL as all indicators are over buy which means selling is coming.
Swing trade can be taken from 6.5 or below
Don't take any trade above 6.5, it can fall up to 6
Do average out of current trades