A bullish strong bar happened at support on 24 Feb 2022. if the price on 25 Feb 2022 continue advance above 24 feb high, there is a good trade of reversal
Stock in current up trend Form a cup and handle Form VCP pattern There is high chance of break above 41 then can place a trade with risk at 38, innitial stop loss below previous day low. Target PL at 51 or ride trend
to monitor at 60
watch out for key support
high probability of down trend continue
Thesis: (1) Price is now at resistance zone (2740 and 2850) from trend line (2) It is coincide with 50% Fibonacci bounce from bear market since 19 Feb to 23 Mar 20. (3) Pin bar candle happen last thursday (9 april) suggests impending decision from market Idea: (1) If there is bearist candle in next followings day, it is chance of pull back. The pull pack to...
Thesis: - Trend is down, 20MA below 50MA. - Double bottom form. Idea for counter trend trade: - pin bar formed at double bottom. - Wait for price to exceed pin par high (21USD) then can have a buy trade with stoploss at below previous pin bar low (19.05) - Target at 27.5 , R/R of 3/1
Waiting for daily confirmation candle at 50ma. if break down, will continue trace to 150MA
Waiting for daily confirmation candle.
monitor price action, if move up to 86 then wait for bearish daily candle to sell target to 77 or depend on your reward /risk ratio.
Sell stop limit at 180.3, Stop loss at 183, TP at 175.
possible to move down to target price at 36, place trade on Reward / Risk of 2
can wait for stock to revert back to 44 to sell, stop loss at 45.5 and TP at 40.