Stock making lower highs past few months
But not actually making new from 2+ months
Right now stock made a strong demand zone before going up
Feels like it will be tested once before actually breaking the trend line
So a good straddle candidate with right volatility
Or a good trend trading can be done at both levels
Trade cautiously considering all the factors and taking confirmation from lower time frames as market may remain choppy for at least 2 3 months more
But not actually making new from 2+ months
Right now stock made a strong demand zone before going up
Feels like it will be tested once before actually breaking the trend line
So a good straddle candidate with right volatility
Or a good trend trading can be done at both levels
Trade cautiously considering all the factors and taking confirmation from lower time frames as market may remain choppy for at least 2 3 months more
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.