key observations:
a. rounding bottom pattern formation
b. volume pickup in green candles and diminished volumes in red candles
c. RSI movement indicative of positive momentum buildup
d. prev resistance of ~620 has been taken out with abv. avg. volumes
e. next resistance at 690-710, and entry visible when the stock cools down to take support at prev resistance levels of 620
based on the candle formations when the stock faces resistance and cools down, one can form a better view wrt the entry and tgts
views are on weekly t/f and for academic and knowledge purposes only.
#trend_analysis #rsi_momentum #candlestick_analysis #chart_patterns
a. rounding bottom pattern formation
b. volume pickup in green candles and diminished volumes in red candles
c. RSI movement indicative of positive momentum buildup
d. prev resistance of ~620 has been taken out with abv. avg. volumes
e. next resistance at 690-710, and entry visible when the stock cools down to take support at prev resistance levels of 620
based on the candle formations when the stock faces resistance and cools down, one can form a better view wrt the entry and tgts
views are on weekly t/f and for academic and knowledge purposes only.
#trend_analysis #rsi_momentum #candlestick_analysis #chart_patterns
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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.