CWY_Long on retracement after breakup from downtrendline + HVN
Wkly:
RS > 0; FFI < 0
MACD Bearish
Stoch D% + K% < 50
RSI > 50
Daily:
RS < 0; FFI > 0
MACD Bullish
Stoch D% + K% > 50
RSI > 50
Relatively good vol breakup from downtrendline & HVN on 20 Aug 21, price retrace w/ decreasing vol and exhibit strong vol uptrend continuation on 27 Aug 21
Entry: $2.63
SL: $2.52
TP1: $2.87
TP2: $3.25
RS > 0; FFI < 0
MACD Bearish
Stoch D% + K% < 50
RSI > 50
Daily:
RS < 0; FFI > 0
MACD Bullish
Stoch D% + K% > 50
RSI > 50
Relatively good vol breakup from downtrendline & HVN on 20 Aug 21, price retrace w/ decreasing vol and exhibit strong vol uptrend continuation on 27 Aug 21
Entry: $2.63
SL: $2.52
TP1: $2.87
TP2: $3.25
Note
Hit adjusted SL @ $2.71; poor price action for last few days
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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.