VIAC 1/6/2022
VIAC - Went on a parabolic uptrend between Nov.2020 – March 2021. Price then came tumbling down finding support @ 37.65. Price also found resistance in 50ema. After much fight, buyers lost the battle and price broke down from support. Price has since pulled back to 50ema which has been acting as the dynamic resistance. This is my entry.
We also have a death cross signaling bear market.
Entry: 32.72
Stoploss: 35.09
Target: Trailing 50ema
We also have a death cross signaling bear market.
Entry: 32.72
Stoploss: 35.09
Target: Trailing 50ema
Trade closed: stop reached
stopped at 35.09Trade active
Price went up a bit higher than expected but it looks to reject 200ema. Will be re-entering trade. Entry:35.20
Stop loss: 37.00
Trade closed: target reached
Exiting due to very sharp drop. Will look to re-enter trade on pullback to moving avg.Exit: 28.57 – +18.84%, 3.68%
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