Expecting to touch 17500 and take a reversal or continue the correction till 16500 levels. Fingers crossed. No positions. Just educational view.
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Info on chart. Wait for candle to close before entering.
Stock is currently trading at demand zone in monthly chart. Enter for long term
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 4 to 8 times.
Page Industries had declined sharply since April until August where the stock managed to enter into a consolidation and in the interim created a nice rounding pattern that eventually lead it to a breakout above its value resistance zone around 21000. These zones also happen to be a gap area that has managed to halt the prices after its strong breakout seen in end...
Stock is trading below critical round number of 20000. 61.8% FIB level coincides at that price. Weekly close should be closely monitored. If stock happens to close above 20000 on weekly basis, it would give some hope for the Bulls. On the other hand if the stock closes below 20000 it could potentially trigger another round of selling. Visually, one can observe...
Keep eye on level of 18000-17500 which is likely to hit. Reversal is only on close above 23500. Wait for reversal signal on RSI. 17200-17500 should provide major support for short bounce.
This stock has taken a knock recently. The price action comes across as a nice set of Wyckoff redistribution. The first target was achieved and the second one is pending. This link has the point and figure horizontal count target. d.pr
We've got the results coming in tomorrow, there is most chances that the Stock price would go down, regardless of if it is good news or bad news. I'm looking at a Break of 13815 to give way to 13300 levels.. Lets wait and watch, I won't be trading this, cause I don't have the money :)