DIVI'S LABORATORY DESCENDING WEDGE BREAKOUT - BULLISH

30 giu 2023

1. DESENDING WEDGE BREAKOUT -
   
   Divi's laboratory has recently broken out of a Descending Wedge pattern with confirmation on weekly chart indicating strong upside pressure
   
   
2. 50D & 200D SMA ACTING AS STRONG SUPPORT -
   
   Price has recently reversed from these 2 sma on weekly chart simultaneously indicating strong upward momentum
   
   
3. REVERSAL FROM STRONG SUPPORT-RESISTANCE ZONE -
   
   Price has reversed from one such zone a few months back after a long consolidation indicating upside pressure
   
   
4. ENTRY & EXIT LEVELS -
   
   TAKE PROFIT (TP) - 4318
   STOP LOSS - 2711
   
   

6 nov 2023

Trade chiuso manualmente

Price is close to the level where prediction was made, momentum is now lost & overall market has turned bearish hence exit the position