Target Reached. Looking Forward - Extract From My Upcoming Weekly Report (29/03-02/04)
The share traded into our accumulation zone, which was the range support and the 200-day simple moving average, from which we saw a 700c rebound 11900c to 12600c (trade idea target range). The declining 8-day EMA may now act as a 'first' resistance level. Expect consolidation around the 8-EMA with a possible scenario being a moderate pullback toward the mid-point of Friday's trading range. If you missed the buy/long, only look to enter if the share pulls back and consolidates. Shorts/sellers, using the 21-EMA near 12900c-13100c as a distribution area.
Chart Time Frame: Daily
The share traded into our accumulation zone, which was the range support and the 200-day simple moving average, from which we saw a 700c rebound 11900c to 12600c (trade idea target range). The declining 8-day EMA may now act as a 'first' resistance level. Expect consolidation around the 8-EMA with a possible scenario being a moderate pullback toward the mid-point of Friday's trading range. If you missed the buy/long, only look to enter if the share pulls back and consolidates. Shorts/sellers, using the 21-EMA near 12900c-13100c as a distribution area.
Chart Time Frame: Daily
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.