I anticipate an upward breakout out of the trading range because:
-price increases with higher volume and decreases on lighter volume
-higher support level as range develops
-larger trend is up for the market
Buy zone in the area of the new support level or following breakout and close above the range.
I'd hold for a few months to a year.
-price increases with higher volume and decreases on lighter volume
-higher support level as range develops
-larger trend is up for the market
Buy zone in the area of the new support level or following breakout and close above the range.
I'd hold for a few months to a year.
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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.