Rounding bottom formation with increasing volume and long term trendline breakout
Price bounced from the support zone on the higher timeframe and we can see clear impulse wave with the two HH and HL structure and also there is a trendline break confirmation, Now we need a clear buy signal to enter into the trade. This is the low-risk high-reward trade so look for the bigger target but take the entry on the lower time frame
Price bounced from support zone with very good momentum and price broke the trendline, Now we need a clear signal to enter the trade.
Momentum shifted from downtrend to uptrend and price also bounced from support zone with trendline break confirmation, Now wait for clear setup.
Always look for low-risk high reward setups, Buyers are trying to control the market, As we can see some buying momentum from support and with trendline break signal, Now wait for a clear signal.
Very simple and repeatable price action structure, Momentum signal with trendline break confirmation, Now wait for a clear signal to enter the trade.
Price bounced from support zone with Momentum and this is the sign of trend change, Now we need a clear signal to enter into the trade.
Price bounced from support area and also break the trendline with momentum, Now wait for the correction to enter the trade, We can see the target area around 306.
Same pattern, Same analysis. Price brokle the trendline now wait for pullback to enter in the market
Price broke the trendline and we have got a clear pullback, So we can take a trade as per money management rules.
Trendline break with the momentum and also we can see price break and trade below the support zone, Now we need a clear pullback to enter.
Narrowing range is very close to breaking down on the downside. A weely closing below 280 levels may see this stock heading for double digits.
Will it land on the demand zone between 82 - 76 ?