We may derive the following from the Daily SHP chart:
1. Price has closed outside of our downtrend channel.
2. A potential push to the upside may occur - price may then reach the recent high (blue line).
3. This will be telling for longer term buys on the higher time frames (W & M).
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has closed outside of our downtrend channel.
2. A potential push to the upside may occur - price may then reach the recent high (blue line).
3. This will be telling for longer term buys on the higher time frames (W & M).
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
