Long
IBULHSGFIN - Long Idea.
- The stock has been absorbing supply since the last Buying Climax (BC) bar.
- It broke out of the BC bar and closed high today, supported by a significant volume candle.
- The stock dipped to test the supply with a Low Volume Test (LVT).
- Further confirmation of an upward trend will be indicated by a candle closing above today's high, potentially leading to further increases.
Note: This analysis is based on my personal views and should not be considered professional financial advice.
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Telegram: t.me/TradeTideInsights
Join the Telegram channel for regular updates on educational content, my trading ideas, and BTST (Buy Today Sell Tomorrow) trades. Dedicated solely to educational purposes.
Join the Telegram channel for regular updates on educational content, my trading ideas, and BTST (Buy Today Sell Tomorrow) trades. Dedicated solely to educational purposes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.