Long YANG
I am seeing a swing trade opportunity on the daily MACD setting up to reverse into positive momentum.
Look for YANG to cross by this Friday or early next week and carry the momentum out for maybe a week.
Daily support is about $12.34, watch this resistance zone carefully, if YANG breaks through could potentially melt up quite a bit, next resistance zone is not until $19.55, this is unlikely but is possible given current S/R zones.
I am expecting YANG to bounce off of the daily resistance and begin consolidating between the daily support and resistance.
Look for YANG to cross by this Friday or early next week and carry the momentum out for maybe a week.
Daily support is about $12.34, watch this resistance zone carefully, if YANG breaks through could potentially melt up quite a bit, next resistance zone is not until $19.55, this is unlikely but is possible given current S/R zones.
I am expecting YANG to bounce off of the daily resistance and begin consolidating between the daily support and resistance.
Note
Even with the big day for 
YANG, the MACD on daily has still not crossed yet. I still believe that we're heading into a big upswing on YANG. Once MACD crosses I'll set a trailing stop.
Note
Adding onto this run, we have a potential catalyst for a huge jump - cnn.com/2023/04/12/tech/taiwan-buffett-tsmc-sale-hnk-intl/index.html
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.