Long
XEL - Found support?
XEL dropped down to the lowest support at ~5200Sat and bounced off.
Currently building a triangle with the possibility of a breakout:
On Daily Chart:
On 4h Chart:
Place stop loss with ~10-15% Loss or wait till breakout is confirmed.
Currently building a triangle with the possibility of a breakout:
On Daily Chart:
- MACD is flattening and signals a change in movement direction (+)
- RSI pointing upwards (+)
- No spikes in volume, its still low (-)
On 4h Chart:
- MACD crossed showing upwards
- RSI oversold but depending on current 4h candle can cross again
- No spikes in volume, its still low (-)
Place stop loss with ~10-15% Loss or wait till breakout is confirmed.
Note
Order cancelled
Broke through, hoovering over support. But for now, this TA is invalid.
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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.