MOE.ASX_Range Breakout and Retrace Trade_Long
Updated
ENTRY: 5.50
SL: 4.95
TP: 6.06
- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume on 14 May 2021
- Retraced with low volume but would like a tighter range instead
SL: 4.95
TP: 6.06
- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume on 14 May 2021
- Retraced with low volume but would like a tighter range instead
Comment
Ticker changed to MAF.ASXTrade closed manually
- Closed at 5.70- Shooting star formation which might indicate coming bearish action
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