Kidman Resources has broken out of its sideways trading on the back of expected good news. Tracing towards a convergence resistance @ $1.48 Support @ $1.39 Waiting for a continued breakout to the upside for confirmation.
This is my first trading idea published here, mainly because all my capital is allocated and I don't have more to trade on this one, so I'll post it to start building some reputation. But don't follow me because I might be lost too. Here we go: ADX shows a short trend starting on the daily, still weak, but we can consider it to start the trade. On the weekly, the...
If it doesnt 'feel' right...and for those that "dont do pnf charts" the weekly will show the real intentions of the market makers
Nice close friday, but my take would be distribution. The more i look, the more conflicted i get. Either ride it to resistance..if it makes it, or watch and wait.