In this tutorial, we try to understand how and why the stock 
TECHM started going upward and how we can find the best entry while reading charts.
The stock had started forming a Support at 1000 levels at June 2022 and since been retesting the same level again up to April 2023.
During the same time we can observe how the MACD levels consistently kept moving upwards. This indicated that momentum was gaining and it slowly starting to turn bullish.
Once the MACD finally made a successful crossover after close to 52 weeks in April 2023, this is where our Entry got created.
Eventually slowly making its way right up to the Swing High levels.
This trade is still in play and will probably retest its Swing High levels in the coming weeks.
And if the MACD line and signal are still as split away from each other as they are on the monthly timeframe, this could also breakout from the Swing High levels and going all the way further.
What do you think about this Tutorial? Would you like to more such Tutorials in the future? Give your comments in the Comments Section below:
TECHM started going upward and how we can find the best entry while reading charts.The stock had started forming a Support at 1000 levels at June 2022 and since been retesting the same level again up to April 2023.
During the same time we can observe how the MACD levels consistently kept moving upwards. This indicated that momentum was gaining and it slowly starting to turn bullish.
Once the MACD finally made a successful crossover after close to 52 weeks in April 2023, this is where our Entry got created.
Eventually slowly making its way right up to the Swing High levels.
This trade is still in play and will probably retest its Swing High levels in the coming weeks.
And if the MACD line and signal are still as split away from each other as they are on the monthly timeframe, this could also breakout from the Swing High levels and going all the way further.
What do you think about this Tutorial? Would you like to more such Tutorials in the future? Give your comments in the Comments Section below:
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.