Last post: June 8th. See chart.
Review: Price had just broken the previous resistance level.
Update: Price has now clearly broken that area and is making new highs.
Conclusion: We need to wait for price to close above the previous high before looking to go long.
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This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is hovering around the resistance level, struggling to break above it.
Conclusion: Once we see price continue to move above the resistance level, we will look for long opportunities but we will be standing aside until that happens.
Any comments or questions, do not...
Plus 500 Stock - Short. ( London Stock Exchange listed)
Careful as this is an AIM share and carries a higher risk than normal financial instruments due to low market-cap and (I believe) lower liquidity (more volatility- this is dangerous-)
Why go short?
Because European legislation is lowering down Leveraging capabilities for Traders from 300:1 buying power to...