Intermediate Up-trending channel, Short-term pitchfork
- Stock is in an intermediate up-trending channel since the June 2021 breakout.
- Stock is taking short-term support from the 20ema, but currently under the 9sma
- Stock bounced off the daily Ichimoku baseline on 21st October, with a smallish hammer-reversal and signs of a continuation today.
- Trade idea calls for an entry at 75p for the retest of the central line of the pitchfork in the low 80's. Stop loss 72p. RRR 2:1