6 month consolidation BO + Golden Crossover + Flag Formation
A 6 month basing consolidation BO has happened.
Even a golden crossover has occurred.
If one were to observe carefully, its even a flag formation (BO of flag yet to happen).
One can take a small entry now and a full (position size) entry after flag BO with a strict SL of 2350 closing basis. As per consolidation the possible levels that can be achieved are 3200, but trailing the SL is always a better way to trade.
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A trader understands that the price of the stock is the only true indicator.
The stock's price backed by volumes has factored in all the knowns, unknowns, dreams and impulses of all those who are in the market.
- A. D.
Even a golden crossover has occurred.
If one were to observe carefully, its even a flag formation (BO of flag yet to happen).
One can take a small entry now and a full (position size) entry after flag BO with a strict SL of 2350 closing basis. As per consolidation the possible levels that can be achieved are 3200, but trailing the SL is always a better way to trade.
--- --- ---
A trader understands that the price of the stock is the only true indicator.
The stock's price backed by volumes has factored in all the knowns, unknowns, dreams and impulses of all those who are in the market.
- A. D.