The candlestick pattern indicates a reversal pattern where the price having a positive momentum towards the MA line without significant in trading volume. Therefore, a precaution for a potenticial price reversal.
The price channel indicator provide the upper and lower bound of the price range during a market trend. The indicator uses the highest highs and lowest...
>> has to break the said downtrend line.
>> 0.715 as nearest Rst.
Know yourself well and know the "Hot Tip" well.
If you have diabetes, and milk tea is going for buy 1 free 2, will you still fear of missing out?
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell...
After pulling back and consolidating, I am looking at MYX:SALUTE to stage another wave up.
Trigger: 0.965
Stop: 0.87
Targets: 1.28,then 1.57
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Consider to study, analyse and monitor SALUTE where its current daily chart resembles that of a bullish flag and bearish cypher formations. Price has been consolidating at fibo1.130 which is the potential EP at 0480. Probable exit if price falls below the 52-week low at 0460. The potential final TP is at Point D at 0.680.
SALUTE spotted in bullish flag formation and bearish cypher pattern and likely rebounding at fibo1.130 which is the entry price. See proposed trade plan for potential swing trade.
Trading Idea SALUTE (22/3/2021)
- Accumulation phase
- Buying opportunity in yellow zone
- Target and stoploss as drawn
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
Traditional TP: 1.045
Aggressive TP: 1.145
Descending channel of accumulation phase from April 2020 until forming LPS (december). Markup phase now rallying into W3 TP at 0.8.
Please consider your own interpretation of Opportunity & Risk:
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment...
