After the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$)
The target level should be the recent highs that is 138$ and post that level the triangular thrust...
Volume is steadily rising.
Strong support candle formation at 50 EMA.
Strategic support and resistant is shown by green and pink line.
Options traders can use the areas between Green and Pink line for hedging.
Stock prices start moving in one clear direction when either Buyers or Sellers become dominant.
Zeta Scanner indicator for TradingView.com tries to detect the momentum in any index, stock, gold, silver, currency etc and plot beautiful Buy or Sell Signals for you to follow.
It is very easy to use as explained below:
1. If you see a Buy Signal, become a Buyer...
