Buy after price break 1.165, first resistance 1.405, and second resistance 1.775, recommended stop loss 1.020.
Next target price based on fibonacci extension This counter is covid related and supplier for hospital beds Current target price: 1.715 2.465 Overall this stock still in the bullish bias with positive volume Mark your exit price for sell plan or set trailing stop based on lowest Q of the day If you like this stock and profit, hit donate ;P
TP today for LKL at 10% profit (1.020) before seeing LKL further closed at 1.170. Either you follow your trading plan TP all the way, or you settle at ROI 10% as per your risk calculation. Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Daily : - in sideway structure (accumulation for a while) - There is candle break the MA20 suggest uptrend 1H : - the price make a momentum by break the upper BB - then retrace to the mid BB, price for entry Supporting point : - in Daily chart, the price above MA20, 50 and 200 - QR for past 3Q incresing - strong volume 16M , average volume 19M - stoch cross up
Buy because BO descending trendline (triangle). Near MA50. CL if price break with more than average volume. No selling pressure.
LKL Rst: 0.60 Spp: 0.545 Bullish piercing formation but not healthy, strong rejection at Fibo Ext 100%, potential dead cat bounce.
MYX:LKL DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and...
Opportunity and Risk DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own...
Function of first time back / retest - To confirm that area is strong. After Retest, there are always decision point that hidden below that we need to observe and find at much smaller time frame. The Long shadow i call it as Fail to return and usually happen on top of decision point. The longer shadow is much better. Usually price will break LOW of this shadow and...
Price nicely touch the breakout area and retest with long shadow. However, it is a not a good pinbar. Price come again and just wait at this 2 green zone. The lower zone is the precompression failed which is still fresh without retest. Zone 1 -0.6 Zone 2- 0.565