Are we going to have a long time with range trading here?
I've taken a closer look at BWLPG
As can be seen on the chart, there are two major resistors in the course and I have marked it with orange boxes.
It is not in range, but if you look back in time as shown on the chart, you can see that the price is doing well within this framework (price action)
MACD - is positive and has lots of give of yet and has been in uptrend for a while.
RSI - Is above average and is positive and has also been uptrend since March 24. there are also plenty of give of yet.
Trend line - downtrend from 2014 July to 2020 juii has been broken D 20 Aug 2019 until March 2020 due to Covid19 and therefore smoked below the trend line again, but has now here again broken through in July and is still up above
This stock is moving closer and closer to the MA 200 so this stock might be good to keep an eye on.
If you are in the stock, I would say as long as it stays above price 26 it makes sense and is a team.
This stock is jumping a lot due to its product - it will be normal with many outcomes.
act with care
Disclaimer: im not in this stock
As can be seen on the chart, there are two major resistors in the course and I have marked it with orange boxes.
It is not in range, but if you look back in time as shown on the chart, you can see that the price is doing well within this framework (price action)
MACD - is positive and has lots of give of yet and has been in uptrend for a while.
RSI - Is above average and is positive and has also been uptrend since March 24. there are also plenty of give of yet.
Trend line - downtrend from 2014 July to 2020 juii has been broken D 20 Aug 2019 until March 2020 due to Covid19 and therefore smoked below the trend line again, but has now here again broken through in July and is still up above
This stock is moving closer and closer to the MA 200 so this stock might be good to keep an eye on.
If you are in the stock, I would say as long as it stays above price 26 it makes sense and is a team.
This stock is jumping a lot due to its product - it will be normal with many outcomes.
act with care
Disclaimer: im not in this stock