After the coronovirus outbreak and lockdown, this Cinema stock has lost almost 80% of its value and has found its support at 6-7$ per share. Additionally note that the price has just broken and rejected the 50 Moving Average as confirmation for a long entry. This is a massive long term opportunity, the company financials appear to be solid with constant growth and...
Please note that this is only for educational purpose .
Trap price within a support and resistance level
if price pushes and breaks through either the support or resistance
we want to see price close above one of the desired zones. once that has occurred
we wait for price to retest the zone and show that it respect the zone as a new resistance
or new support...
Bullish on multiply timeframes W1-H1.
Take Profit: 0.88000
Stop Loss: 0.86400
From 04-11-16 price has been bearish till 23-03-20 due to coronavirus price had hyperextended bearish, testing the trendline low. Since 28-03-19 high price has trended bearish currently price is above trendline. This could suggest that price has reversed from March low and now is...