I am just starting to improve my knowledge and not at all advising to place any trades.
I think it is very good opportunity to go long since it has opened above the support line and also the technology has been consistently doing well.
A caution to take here would be that the following signal may be parallel to the current one before moving up, so a consolidation should be considered before entering
And finally, a good call should probably be at a break in either S/R, but hey, these are just my thoughts.
Please comment on your thoughts, as knowledge is what I am here to gain.
Thanks
I think it is very good opportunity to go long since it has opened above the support line and also the technology has been consistently doing well.
A caution to take here would be that the following signal may be parallel to the current one before moving up, so a consolidation should be considered before entering
And finally, a good call should probably be at a break in either S/R, but hey, these are just my thoughts.
Please comment on your thoughts, as knowledge is what I am here to gain.
Thanks