In seeking opportunities in the prevalent momentum in the utility sector, I will consider going long on a breakout to the upside of the resistance level.
In seeking opportunities in the prevalent momentum in the utility sector, I will consider going long on a breakout to the upside of the resistance level.
A robust breakout to the upside of the resistance level may herald the continuity of the uptrend.
The short term downtrend breakout may entail further moves to the upside.
The breakout move to the upside signals that the strong uptrend move resumes its due course after a deservedly brief retreat.
A break out to the upside of the resistance level may signal a trend reversal.
The formation of the cup and handle pattern in the uptrend foreshadows further move to the upside.
Trend continuation will present further move to the upside.
A close above the breakout level may entail further move to the upside.
A breakout to the upside may hint direction reversal.
TWTR is kicking at major resistance level. Punching through this level decisively shall attract more buyers.
Are the great 5G hype and supposedly grand upgrade cycle fully priced in? Keep an eye on the ball should rebound occur.
I will be watchful out of which side of the channel the index emerges to formulate my near term bias.
Although further move to downside appears to be in store, the current price level had been pivotal in the past.
The price action of Coupa is approaching 1. 50% fib retracement line 2. AVWAP line 3. A price level where previously consolidation had occurred Hence, support may well be established near 226.28 price level.
IIf the sell-off subsides here, the fact it bounced off the recovery trend line and closed above the most recent support line foreshadow more bright days in store for equities.
A breakout in either side of the channel will set the tone for the subsequent move.