CSL.ASX_Bullish Breakout Trade_Long
Updated
ENTRY: 299.20
SL: 285.64
TP: 317.82
- ADX<25. Would like to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout of consolidation area on 6 Jul 2022 before going into another consolidation range.
- Recovered well on 17 Aug 2022 after earnings indicating possible buyers still in play.
- Entry today based on breakout and rebound off 10EMA and 20EMA with volume. Would like the rebound to be >3%.
SL: 285.64
TP: 317.82
- ADX<25. Would like to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout of consolidation area on 6 Jul 2022 before going into another consolidation range.
- Recovered well on 17 Aug 2022 after earnings indicating possible buyers still in play.
- Entry today based on breakout and rebound off 10EMA and 20EMA with volume. Would like the rebound to be >3%.
Trade closed: stop reached
Related publications
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.