The stock looks bullish in short term and offers a small trade for long due to following reasons:
1) The stock is rebounding from a demand zone from which it gave a strong rally
2) RSI Divergence is also in formation
The stock may go up to the marked supply zone at which we also see significant price action.
Only for educational purposes.
1) The stock is rebounding from a demand zone from which it gave a strong rally
2) RSI Divergence is also in formation
The stock may go up to the marked supply zone at which we also see significant price action.
Only for educational purposes.
Trade closed: stop reached:
The zone has been breached