Notes on the chart.
Regards.
Regards.
Commento:
Big player changing hands, we should let them settle down. A 5 minute closing above 403 should be waited.
Commento:
Might be stopped out soon in this ugly price action :)
Trade chiuso: stop raggiunto
Commento:
This trade didn't work.
Let's see if I get an opportunity to test the second hypothesis near 397-398.
Let's see if I get an opportunity to test the second hypothesis near 397-398.
Commento:
Bounced from support..let's see where it can take us.
Trade chiuso: obiettivo raggiunto:
First target hit same day. Position closed.
Commento:
The stock has been a very good example of 'how stocks sometimes do not move as expected'. In the first try i was hit with stop, so later I wanted to buy it low as per second plan. But stock came out of the channel, hit the mentioned support level and made a bullish bar. First target was hit quite fast.
Moral: Horrizontal support-resistance levels should be given more importance than trendlines and channels.
Have fun :)
The stock has been a very good example of 'how stocks sometimes do not move as expected'. In the first try i was hit with stop, so later I wanted to buy it low as per second plan. But stock came out of the channel, hit the mentioned support level and made a bullish bar. First target was hit quite fast.
Moral: Horrizontal support-resistance levels should be given more importance than trendlines and channels.
Have fun :)
JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020