After the Golden Crossover, the stock kept climbing and then moved in a 'Parallel Channel' while also forming a 'Flag' .
Yesterday's candle was a breakout with good Volume.
Today the close above the resistance has confirmed the strength.
Yesterday's candle was a breakout with good Volume.
Today the close above the resistance has confirmed the strength.
Kommentera:
Just a consolidation. But will do well in coming days
Kommentera:
Keep a stop loss at the lower side of the channel.
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.
No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.
No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.