For the first half of may,
I am going to look for long opportunities in the stock
and trade whenever the price looks right.
Areas I'm looking at :
- Current price too, 1st target of upper line.
- Breakout above line with a feasible SL.
- If it goes down, any price close to yellow trendline.
As with every chart, I will update it with commentary.
THE RATIONALE : It used to immediately reverse from these levels in the past but this time it has convincingly broke those levels. Either we will see immediate reversal or else I expect it to go up in May.
I am going to look for long opportunities in the stock
and trade whenever the price looks right.
Areas I'm looking at :
- Current price too, 1st target of upper line.
- Breakout above line with a feasible SL.
- If it goes down, any price close to yellow trendline.
As with every chart, I will update it with commentary.
THE RATIONALE : It used to immediately reverse from these levels in the past but this time it has convincingly broke those levels. Either we will see immediate reversal or else I expect it to go up in May.
Comment:
Flat as of now. Let's see.
Comment:
Touched the upper line today.
Failed to close above it though.
Failed to close above it though.
Trade closed: target reached:
Initial targets achieved
