xiaomi has rallied well forming a continuation gap on good earnings, this was followed by an exhaustion gap, now im looking for a panic sell and price to pullback to 19/20hkd which ive charted as a horizontal. gaps get filled 9/10 times, with 20hkd being near original ipo price it makes sense to bounce and strong demand at this price. short from here or buy at the...
Old strong resistance turned new support and TL been used as good support also, price is currently sat at both of these so we can only see price movement to the upside.
A double setup where 2 things confirm it is a good trade to take cant be ignored, look at it like this.... You are looking for a film to watch ( not a mucky adult 1 ) ;p you come across a film but...
There seems to be a possible double bottom formation occurring around the 5.35 area.
The first V sectioned of the market shows a reversal upwards and the next V section shows even more upward momentum.
I'm hopefully waiting for it to hit the 5.35 area so I can buy it and go long and I will take another trade straight after the first one takes profit cause of...
Good evening ladies and gents.
Right now on the D chart, I see a retest of the previously broken support line which is now acting as a support line again....this support line has been tested many times but has been broken in recent movement.
Waiting for a buy stop to activate and take profit around the 5.700 region and put the stop loss at around 5.33945
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
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