ROUTE MOBILE LTDLong
WAVE 2 CORRECTION ENDING.GET LONG FOR WAVE 3 IMPULSE.
Updated
STOCK HAS STARTED MAKING HIGHER HIGH AND HIGHE RLOWS INDICATING SHIFT IN THE MARKET STRUCTURE.
A TRENDLINE BREAKOUT OF WXY CORRECTION WAS SUPPORTED BY TREMENDOUS VOLUMES.RSI IS FINDING SUPPORT@ 50 LEVELS AND STOCK TRADING ABOVE 20 SMA AND COUPLED WITH POSITIVE CROSS OVER OF 5 AND 20 SMA IS INDICATING STRONG MOMENTUM.
BUYING STOP LOSS SHUD BE 1665 ON DAILY CLOSING BASIS AND ENTRY TRIGGER IS PRICE GIVING CLOSE ABOVE 1765 ON 30 MIN CHARTS OR PRICE COMING BACK TO THE LEVELS OF 1700.WHICHEVER SCENARIO COMES FIRST ENTER WITH THE MENTIONED INITIAL STOP LOSS.
TRADE FOLLOWING RISK MANAGEMENT AND MONEY MANAGEMENT RULES.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
A TRENDLINE BREAKOUT OF WXY CORRECTION WAS SUPPORTED BY TREMENDOUS VOLUMES.RSI IS FINDING SUPPORT@ 50 LEVELS AND STOCK TRADING ABOVE 20 SMA AND COUPLED WITH POSITIVE CROSS OVER OF 5 AND 20 SMA IS INDICATING STRONG MOMENTUM.
BUYING STOP LOSS SHUD BE 1665 ON DAILY CLOSING BASIS AND ENTRY TRIGGER IS PRICE GIVING CLOSE ABOVE 1765 ON 30 MIN CHARTS OR PRICE COMING BACK TO THE LEVELS OF 1700.WHICHEVER SCENARIO COMES FIRST ENTER WITH THE MENTIONED INITIAL STOP LOSS.
TRADE FOLLOWING RISK MANAGEMENT AND MONEY MANAGEMENT RULES.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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