ENTRY: 7.70 SL: 7.38 TP1: 7.94 TP2: 8.06 - ADX>25 - Daily RS +ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Entry today based on today breakout from range and >3% rebound off 10EMA with above average volume. But would like a better closing.
CGF after making a high in early February, plummeted hard. After the bounce, price has gone up but the current swing looks very corrective. It could be in the process of making a bear flag and price could come down to the lower end of the parallel channel to give one more swing low and another buying opportunity. If price comes down, I would wait for bullish price...
CGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios: Scenario 1 - Can go higher after forming a base and shows bullish price action Scenario 2 - Can dip lower towards my Buy Zone and trendline...
Bullish Confirmation Indications Recent price action has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent session's price action, ( Bearish Candle) indicates that the stock price is facing a hard time continuing up 4. The price is at 50% Fib Retracement level of $6.60...
After closing the gap from June 2019 and retesting the $7.65 zone this is showing tremendous bullishness. The next level of resistance is at $8.50
GBP CHF Long Update , The GBP has broken out and closed outside of the breakout area Possibly retest of trendline before we forecast further higher highs