how to enter accurately and reduce risk in daily or medium-term trading by looking at the weekly chart first. the best way to enter the market is to determine the nearest support or RBS.
The candlestick indicates an uptrend pattern where the body candlestick closed above MA20 with support from significant price movement.
The RSI crosses up 50 hence indicating a good signal where strong uptrend momentum.
MACD and OBV indicate a positive uptrend momentum.
Let's save GLOTEC in WL and watch out for significant price movement with volume.
R 0.555
S 0.500
GLOTEC's recent chart resembles that of Gartley bullish harmonic pattern where above Point D is the Potential Reversal Zone (PRZ). In addition, current price has also been fetched by EMA20 and EMA200. To enter trade, the probable EP is 0.560 to retest a 4htf pivot point and the probable TP is Point C, that is 0.725. The proposed CL would be 0.520 which is below Point D.
We are shown the price to setup a base for the accumulation, and once the market is trigger, we may join the bandwagon.
need to properly monitor.
TAYOR.
GLOTEC VCP has breakout the tight area recently and experience a pull back.
C1: -29%
C2: -11%
C3: -14%
C4: -5%
Disclaimer:
Not buy call recommendation, just sharing on the chart pattern through technical analysis. Trade at your own risk.
Improving quarter report QOQ and YOY.Forming low cheat setup.Wait for a upward breakout of contraction pattern (box) with high volume to confirm successful setup
Reversal of trend has occurred (previous resistance becomes support ) , the price indeed replied to fibo 0.618 level (bullish in long term, as it will form higher high hopefully) . Retracement is forming now as theres resistance , but it doesnt last long.
Trading Strategy:
1) Target to enter at entry zone or straight entry
2) Ride to specified TP
From chart:
1) Higher high formed
2) Price action observed at BO zone
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
1. Retest RbS
2. Stoch oversold
3. Retest EMA50
4.Fibo retracement 0.5~0.618.
5. Making series of HH and HL for an uptrend.
1st TP 20%
2nd TP 40%
Risk 20%
FUNDAMENTAL
============
1. Quarter & Annually report positif
2. Net Profit tertinggi dalam sejarah (Q1 2021)
3. Free Float share semakin slow
TEKNIKAL
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1. Daily, Weekly, Monthly Technical - Strong Buy (recommendation by investing.com)
2. Ada indi bar merah yang banyak mengumpul
3. Standby Break Out
