This is a 2-day chart.
The share is higher by 22% from the buy/long signal as per the tactical trading Guide on end of day on Friday 20 October (proof of reading can be provided, just ask!).
As per the Tactical Trading Guide, the end of day SHORT TERM reading is currently as follows: "Would not enter a buy/long at current levels. The reward-to-risk is unattractive". Simultaneously, the share is trading at the upper boundary of it's 50-day 2 standard deviation linear regression channel, which supports my view that the reward-to-risk does NOT favour buyers of the share at current levels. The upward momentum is strong and there is a possibility that the share could trade higher on today (Friday), however failing to hold the prior session highs (using the high of day as a pivot) could open up a bearish reversal trade!
The share is higher by 22% from the buy/long signal as per the tactical trading Guide on end of day on Friday 20 October (proof of reading can be provided, just ask!).
As per the Tactical Trading Guide, the end of day SHORT TERM reading is currently as follows: "Would not enter a buy/long at current levels. The reward-to-risk is unattractive". Simultaneously, the share is trading at the upper boundary of it's 50-day 2 standard deviation linear regression channel, which supports my view that the reward-to-risk does NOT favour buyers of the share at current levels. The upward momentum is strong and there is a possibility that the share could trade higher on today (Friday), however failing to hold the prior session highs (using the high of day as a pivot) could open up a bearish reversal trade!