reasons to LONG;
1. it is at the bottom of the up trend channel
2. closing price did not go lower than 58, which is the recent strong support level
3. prices broke previous high, which indicating buying power is strong than before
buying strategy:
wait for pull back, set pending order (buy) from price 58.2-58.5
cut loss below 57.5
TP 60-60.2
good luck
1. it is at the bottom of the up trend channel
2. closing price did not go lower than 58, which is the recent strong support level
3. prices broke previous high, which indicating buying power is strong than before
buying strategy:
wait for pull back, set pending order (buy) from price 58.2-58.5
cut loss below 57.5
TP 60-60.2
good luck
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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.
Related publications
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.