S50Z2020 - Daily analysis on 2-10-2020Daily chart
- Trading channel is 777.4 - 800.0
- A candle stick similar to hammer was shown on price chart at support area yesterday mean short term rebound.
- Downtrend in daily chart
Hourly chart
- Trading channel is 774.4 -787.5
- If price across 787.5, high chance to reach 793.
* Bias Short (belong to daily chart show downtrend.
* Rebound and Short strategy today.
S501! trade ideas
S50Z2020 - Daily analysis on 29-9-2020For daily chart
- Trading channel is 777.6 - 801.5
- Bullish reversal candle stick pattern (morning star) was formed on daily chart, but it must be confirmed by today.
- Now, It's downtrend.
For 60 min chart
- Close price is 796.0
- High chance to reach 800 then throwback
- If price throwback isn't less than 788, that's mean price reversal on 60 min chart.
Strategy : Wait and see
S50M2020 on Monday25 may 2020TF 15 is the main TF. If tomorrow price jump down than 845.2, TF30 and 60 are going to be downtrend. The downtrend target for TF15 is 816.2. If going up tomorrow and make a u turn not over 884.2, price will come down and possible to make downtrend.
If the price want to be uptrend, it have to go further than 884.2. the target for uptrend is 960.7
High chance of the pullback to retest the supporting pointThis shape usually have a higher chance to break lower than to break higher. But its the good indicator to see wether it will confirm the breakout or it will go down to retest first. I’m ok with both. I already have tons of stocks which I bought at the very low price, and I still have cash to buy the discounted good companies.