Info Edge
Logic behind the Trade
1. Closing above 50 EMA
2. Consolidation breakout with big bullish engulfing candle along with heavy volume
3. Stopped making lows as trend line shows the consolidation movement was moving upward (big players were building orders)
4. RSI is 60 (shows strength in stock)
1. Closing above 50 EMA
2. Consolidation breakout with big bullish engulfing candle along with heavy volume
3. Stopped making lows as trend line shows the consolidation movement was moving upward (big players were building orders)
4. RSI is 60 (shows strength in stock)
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.