COLPAL Daily Chart analysis by 3 Parameter Strategy
Trade Setup:
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
Conclusion:
Bullish
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
- The bollinger bands are squeezed as compared to the previous structure.
- The signal candle gives a breakout of the upper band of the signal candle.
- Rsi is above 60.
- Bullish crossover on Macd.
Conclusion:
Bullish
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