Long
Potential of Breaking Resistance, should reach at least 3.30
Kept it simple with this analysis.
Last few candles for AZ were bullish, and we saw it pop up on Friday.
I am confident it will at least get to 3.30, its resistance level. RSI indicates bulls gaining momentum.
However, I also feel like it might break past its resistance level this time as it has reversed at its lower bollinger band with a strong bullish signal twice now.
Last few candles for AZ were bullish, and we saw it pop up on Friday.
I am confident it will at least get to 3.30, its resistance level. RSI indicates bulls gaining momentum.
However, I also feel like it might break past its resistance level this time as it has reversed at its lower bollinger band with a strong bullish signal twice now.
Trade active
Tested prices above its resistance level and closed just below resistance level. If it rallies up tomorrow it will be a good sign. If there is no rally, try to close the trade around 3.30Place a tight stop as well.
Trade closed manually
Managed to close the trade at $3.35. It reached and beyond the target of $3.30.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.