Rebound on trendline, and spike with strong volume. Let see it how it goes!
Disclaimer: This is not a buy call but for learning purpose Technical analysis In accumulation/distribution phase Potential rebound as price at EMA 20 Risky - Large exit volume in 7 Dec Trading idea Entry price: 0.180 Cut loss: 0.165 (below 0.170 resistance) TP1: 0.210
Mestron in uptrend. Price closed this week at support / MA20. Might make a technical rebound. Strategy: buy and hold as long as the price is in uptrend, sell when reversal occurs. Disclaimer: This is just a trading idea, not a buycall. Trade at your own risk.
waiting for retracement, then confirmation at H1
Rejected Resistance twice at 0.23 zone rejected support at 50% Fibo retracement at 0.14 . looking for long position for this counter . target of 0.23 next resistance is 0.195 target for 2-3 month MT trade . EP 0.155
Base on previous retracement price manage to hold at key support level at 0.14 with a nice rally retesting resistant area 0.20 completing small elliot wave of 1 & 2. With current scenario new support established at 0.195 & 0.210 level expecting further uptrend wave 3 in the making with new high target at 0.275 level.