Price action & Psychology - First pullback

15 apr 2020

Hello !

Key points :

• Fading volume : The fact that volume is fading indicates that the pullback is losing momentum, we should see an increase in volume tomorrow compared to today. Interest in stock is rising.
  
• The wide range bullish candlesticks shows that bulls are strong and there's actually interest in the stocks (i.e. those that didn't trade have a chance to buy now)
  
• The stock gapped down, probably out of fear considering the overall market conditions, there's been a selling wave driving prices down but bulls caught up
  

***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.***

Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.

20 apr 2020

Trade chiuso: obiettivo raggiunto

Took profits from the table a bit under my definitive target.