COLPAL Daily Chart analysis by 3 Parameter StrategyTrade Setup:
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
The bollinger bands are squeezed as compared to the previous structure.
The signal candle gives a breakout of the upper band of the signal candle.
Rsi is above 60.
Bullish crossover on Macd.
Conclusion:
Bullish
