SO HELLO TRADERS AND INVESTORS....
THIS STOCK WILL DEFINATELY PROVE YOU AND ME LUCKY IN THIS WEEK OR MORE...
AS PER MY ANALYSIS IT IS BULLISH DUE TO THE FOLLOWING REASONS...
POSITIVE HIDDEN DIVERGANCE
BULLISH HARAMI CANDLESTICK PATTERN
FIBONACCI RETRACEMENT SUPPORT...
TREND IS UP ALSO UNDERLAYING MOMENTUM OF THE TREND IS ALSO UP...
STOCK IS OVERSOLD.....
I had given LONG signal at price 1805 (denoted by Blue Arrow) here. It's over 60% up since the signal.
There's high moon volume incoming in FET as seen since 5th candle after my signal.
The OBV and RSI are again getting higher lows. Plus there's rising sentiments over Twitter.
Advice: Don't sell BINANCE:FETBTC below 2200. Next target is 3500 which can be...
5 Steps that I follow , If I get any stocks which qualifies for the below critaria I go long
Step1: 5 Day Moving Average crosses 12 Day Moving Average from Below and the gap expands for next candle
Step2: Blue line crosses red line from below and the gap expands for next candle
Step3: Enter at any point in Next Candle or enter when prevous High is broken
All Indicators are positive. Inverse Head and shoulder pattern formed after breaking the neckline it ll confirm that pattern. Trend line breakout happened. All these factors will help to move further.
Targets are mentioned in Chart.
Weekly and daily MACD crossover, Low stoch in weekly chart are helps to move up further levels.(Trend lines are drawn from weekly chart)
147(Long) on closing basis
153(short term) on closing basis
Indicators are slowly turning to bullish trend. Already triangle breakout done, Macd crossover also going to happen so can expect the further upmove on this stock.
Mentioned in the graph
Results are bad and stock has seen some beating... but will it fall further... or we have heard of sell on good news... can this be a buy on bad news and will it rise against the odds...???
Lets see what the chart is saying...
- we observe 20 day EMA recently crossed over 50 day EMA giving some strength
- Currently 20 day EMA is at 92.2 & 50...
MACD line crossover and ADX,RSI positive, Stochastic is in mid range from over sold to overbought region. These indicators will help to move up further. Triangle breakout also may done today.
52.5(if close above it may touch 61.83)