Fake break up Selling strength is greater than buying strength Price increase but volume is relatively low (due to nice earning)
More confirmation is needed before buying the stock Try to avoid the new break out stock with rejection
Current price of CL1! Light Crude Oil futures show that the price is close the the weekly resistance and the up side is not satisfactory. MACD is weakened despite the short-term up trend. Price increase may be too extended in this case.
Current Price: 105.5 Entry: 104.28 Profit level: 115.2(10.46%) S/L: 101.95 (2.24%) Risk & Reward Ratio: 4.66 Bullish Signal Symmetrical triangle pattern is forming Price> EMA 5, 18, 20, 150, 200 Short-term EMAs are crossing the long-term EMAs MACD curves almost cross and start turning upward Relatively low ATR RIS is at around 50 to 55, between 70 to 30.