CHN - MA and parallel darvas are holding.
- bounce play.
- bounce play.
Trade active:
I have not entered the trade yet. If I buy at the box top, it may have been too late and might consolidate later and I hate waiting. This is suppose to be a bounce play but I was too late I guess. Notice though that there's actually a confluence of DB50 and MA50 - which is still a good trigger to buy. Well I'm still late for the DB50 entry.
For now, wait for the consolidation then re-enter. Keep an eye of the RSI too.
Learning:
1. Missed the DB50 and MA50 confluence.
#DB50
For now, wait for the consolidation then re-enter. Keep an eye of the RSI too.
Learning:
1. Missed the DB50 and MA50 confluence.
#DB50
Comment:
My bounce is supposed to be 3 days but this bounced for 2 days only with SLOW momentum. I'm glad I did no take the trade. It indeed consolidated further.