Multiple VCP contractions visible on hourly timeframe. Relative strength (stan weinstein) is also rising. This presents a low risk entry in the stock.
For those looking for more conformation, can wait till breakout above 4900 with good volumes.
Disclaimer: This is not a recommendation, do your own research before taking positions.
- Aggressive traders can enter right away with SL of 4650 (end of day closing)
- Conservative traders can enter with SL of 4480 (end of day closing)
For those looking for more conformation, can wait till breakout above 4900 with good volumes.
Disclaimer: This is not a recommendation, do your own research before taking positions.
Trade closed: stop reached
The trade is closed. Yesterday stock fell with abnormally high volume, which undermined the strength of the pattern.
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.