VCP in making for Samchem? Possible trading strategy 1. Bottom trendline can be good entry point as long as price moving in between the triangle. 2. Breaking out above VCP triangle potential major uptrend coming. Cautious 1. Breaking below triangle should consider for first signal cut lose while waiting further long term trend. Trade at your own risk....
1. After 9 months down trend starts from Nov 2020, Kotra are setting up a nice classic VCP since Sept 2021. 2. Today making a nice breakout from VCP set up. Hope price can sustain above 3.18 and challenge 3.44. 3. Price volume from left indicated that no major resistant ahead. Easier to move north. 4. Resistant at 3.44. If successfully break, possible...
1. Nice and simple Darvas box may help in this? 2. Convincing trade volume with nice breakout from 3.00. 2. All short, mid and long term MA line showing positive uptrend. Cautious 1. Sustain above 3.00 will be nice and set your cut loss wisely. Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You...
1. Today rebound from support 5.75 with nice bullish marubozu candle closing at 6.04. 2. Testing MA50 since last week and strong rebound on today. 3. MA 20, MA50, MA100, MA200 all in uptrend. Overall nice setup after consolidation in between August to November. Hopefully tomorrow MACD can make a nice GC above 0. Cautious. 1. Short term down trend not...
1. Today breakout out from down trendline with more than average trade volume. Hopefully it's meaningful sign for the starts of new uptrend. 2. Daily MACD making a golden cross good sign of trend reversal. 3. Overall still intact with long term up trend. And rebound from MA100. 4. Hope coming days can break and sustain above long term resistant 3.85. Then will...
MYX:WELLCAL 1. Price chart breaking long term down trend line since 2016. 2. Breakout from sideway box 1.13. If back test can stand above 1.13, uptrend more convince. 3. MACD and RSI good positive look. 4. Volumne analysis show no major resistant until 1.25. Once break and stand above 1.25 can be long term uptrend. Welcome to express your view as for...