Steel sector cycle + Uptrend + 50% VCP
Strenght
1) Approach breakout
2) Stand above Uptrend line
2) Steel counter Super_Cycle (1-2 years profit trend), 3Q and 4Q FY20 show a HUGE profit.
3) Price stand up MA 10
Weakness
1) Immature VCP pattern, Contraction more than 20% during upward. It is defined as Normal contraction when rising sharply.
2) Below MA 20 and MA 30
Strategy
Cut loss on 0.39, potential loss = 7%
1) Approach breakout
2) Stand above Uptrend line
2) Steel counter Super_Cycle (1-2 years profit trend), 3Q and 4Q FY20 show a HUGE profit.
3) Price stand up MA 10
Weakness
1) Immature VCP pattern, Contraction more than 20% during upward. It is defined as Normal contraction when rising sharply.
2) Below MA 20 and MA 30
Strategy
Cut loss on 0.39, potential loss = 7%
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.