Can it go ATH?
Updated
HCG - 5 month Price consolidation. Touched All time high.
-ves:
Price retraced but not with low volumes.
Every up move is followed by selling, There is chance that existing investors trying to exit.
+ves:
Above 390 with positive volume should give 10% up move.
Price retraced with high -ve volumes but the fall is not more than 2 % suggests buyers interest too.
Trade can go both ways. SL at 350. Enter now or at little low if you want to capture breakout. But be prepared to Strictly take loss if price closes below rectangle.
-ves:
Price retraced but not with low volumes.
Every up move is followed by selling, There is chance that existing investors trying to exit.
+ves:
Above 390 with positive volume should give 10% up move.
Price retraced with high -ve volumes but the fall is not more than 2 % suggests buyers interest too.
Trade can go both ways. SL at 350. Enter now or at little low if you want to capture breakout. But be prepared to Strictly take loss if price closes below rectangle.
Trade closed: stop reached
SL Hit. Trade not taken.
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