The stock had found a Resistance zone @ 602 during Aug 2021 and had started a Lower Low Pattern ever since.
Eventually finding its Support Zone @ 360 during Mar 2023 after 1 Year and 7 Months.
At this point notice that the Lower Low Pattern in the Price Action, however MACD slightly started showing a Higher Low formation. Hence the Convergence Divergence indicating a good move upward and also the 1st confirmation upward.
Finally in July the stock showed its 2nd confirmation once it successfully exited the Lower Low Pattern Trendline with a massive huge green candle.
Thus giving us our 1st Entry point at this stage which took the stock as close to the previous Resistance zone @ 602 and a safe exit as High as 31% for the Trade as well.
Another cool thing to note here is the Stock also retested the same breakout zone and the MACD as well was making a new Crossover, thus indicating another fresh Entry into the stock.
This trade had eventually broken the 4 Year Resistance zone @ 602 with a large volume and taking the stock as High as 67% in returns as of today.
What do you think about this Tutorial? Give your comments in the Comments Section below:
Eventually finding its Support Zone @ 360 during Mar 2023 after 1 Year and 7 Months.
At this point notice that the Lower Low Pattern in the Price Action, however MACD slightly started showing a Higher Low formation. Hence the Convergence Divergence indicating a good move upward and also the 1st confirmation upward.
Finally in July the stock showed its 2nd confirmation once it successfully exited the Lower Low Pattern Trendline with a massive huge green candle.
Thus giving us our 1st Entry point at this stage which took the stock as close to the previous Resistance zone @ 602 and a safe exit as High as 31% for the Trade as well.
Another cool thing to note here is the Stock also retested the same breakout zone and the MACD as well was making a new Crossover, thus indicating another fresh Entry into the stock.
This trade had eventually broken the 4 Year Resistance zone @ 602 with a large volume and taking the stock as High as 67% in returns as of today.
What do you think about this Tutorial? Give your comments in the Comments Section below:
관련 발행물
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.