After former channel we moved into a new possible range. Renault is taking its time to move up and seems very healthy doing so. After an outbreak to the upside with backtest on top of the channel, we can move up to the 0.236 (orange line) and negotiate with the 200MA. In the meanwhile we could be ranging with a good buy opportunity on the bottom of the channel. Now we're currently ranging in the bottom half of the channel.
!!!DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome.
Always remember to not go into a trade to soon and take profit along the way. Stay safe, stay profitable ^^
!!!DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome.
Always remember to not go into a trade to soon and take profit along the way. Stay safe, stay profitable ^^