GAL (GYSCOAL ALLOYS LTD) - Long
Price will move up till he trendline on RSI. If the price breaks that trendline then price
will move much higher and you need to exit if it retraces from the RSI.
RSI broke the trendline on 24th November 2016 and price moved considerably.
Trend is your friend. Price is above 200 and 50 SMA, suggesting an uptrend.
Price will move up till he trendline on RSI. If the price breaks that trendline then price
will move much higher and you need to exit if it retraces from the RSI.
RSI broke the trendline on 24th November 2016 and price moved considerably.
Trend is your friend. Price is above 200 and 50 SMA, suggesting an uptrend.
Comment:
RSI did not break the upper trendline. Trade did not get activated. Now the RSI has broken the bottom trendline.
