The candlestick indicates a price fluctuating between consistent highs and lows as indicated by the resistance and support channel whereas the channel benefits as a guideline to predict price peaks and troughs. The price is within the lower channel and provides a buying opportunity.
From the previous trades, there was no significant result in volume. Where the...
>> Possible for it to break above FVG?
>> Need to break the Parallel Channel too.
>> Stochastics is OB. May pullback and find strong support around 470 are.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: Mentioned stocks are...
1. Price candle break out MA 200 on 29 Mar '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 9 May '23 to 3 July '23 to shake out weak retailers. Price candles break out MA 200 again on 4 July '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 13 July '23 give another strong signal the price is build...
Wathout if price BO from point B.
It will formed Bearish Butterfly Pattern when price achieve at point D and price should not below from point C.
#TAYOR MYX:WCT
Sign of Strength in the chart:
1. Pocket Pivot with low volume pullback
2. Reaccumulation stage
3. Green Pentagon in Weekly Chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
The candlestick pattern indicates a strong uptrend pattern. Hence, with a high possibility of price momentum uptrend. OBV chart also indicates a positive uptrend with cumulative total volume when the price is higher. To place a bid, use VWAP as a guideline and place your bid below VWAP line.
R 0.775
S 0.675
After reach its first 52WH at 0.650, it went for a short term pullback and resting at previous resistance at 0.620.
New support 0.620.
Start my entry at 0.630 and now reaches 0.680. = 7.8%
classic technique on Buy on Dip.
X to X TP = 0.90
Complete Cup and Handle. Now on its way to Mark up phase.
WCT recently break 52W high with bigger volume.
WL for pullback with less volume above 52W high to confirm as RBS.
This counter also indicates uptrend movement with EMA stacked above each.
TAYOR
Sector : construction.Technically just breakout from pivot point with high volume,prior to that forming shakeout and base reset.Fundamentally reducing QOQ,but improving YOY sales and profits.
Follow up on WCT VCP development.
Back then in July the breakout is not successful and it develop contraction up to 13% (C3).
I believe C4 will form before it fully take off. Let's monitor together.
C1: -24%
C2: -13%
C3: -13%
C4: Waiting...
Disclaimer:
Not a buy call, just chart pattern and technical analysis sharing. Trade at your own risk.
TIMWELL - There is a candle that has breakout the resistance (highest price) of CCM. Referring to the EPRAF indicator, the price will start to rise when there is a candle that manages to break the CCM resistance. With the newly crossed MACD situation and high stochastic levels, the WCT seems to be ready for the uptrend phase.
REPOST due to previous post is hidden as it violate trading view house rule to have link in normal account. I have remove the link in this post.
This week quite excited as i discovered another 3 counters with crispy VCP setup to share with you all.
Here you go for the first counter, WCT with 3 contraction of
C1: -24.28%
C2: -13.74%
C3: -6%
The huge volume on...
