Fast Turtle Buy 1.61
Volume relatively higher
FiFT +ve
ATOM Buy.
Strong Resistance @ 1.78
Can JHM breaks 1.78 this time ?
Looking at higher timeframe chart (Weekly & Monthly). Apparently, we are seeing huge volume build up (500Mil) in last 2 months and traded above average volume.
With this kind of volume, high chances will break 1.78 resistance.....
Seems like forming a descending triangle pattern. High potential of breakout and go higher. Currently sitting on a major resistance turn support line.
EP: 1.50-1.52
TP: 1.65-1.75
CL: 1.30
Disclaimer : This analysis is not meant for buy call, but personal trading idea log for reference.
Analysis is based on trendline and channel. Confirmation on our long position are based on RSI , Stoch , MACD and MCDX (indicator by @kgiap123).
JHM continuing it uptrend after break the previous trendline on 29 May and 12 June, and this is confirms by the...
Current Price really at the very strong support and this is the best time to entry. However, the trend it seems to be sideway but we can use swing strategy for next 2 weeks and see how.
Bismillah & enter.
#mahersaham
