Inv Cup and Handle formed on July 2021... The price broke below and since then it's been on a downward trajectory with a solid downtrend. Now the price is currently testing the downtrend, which can go either way. If it breaks up, we will see short term upside to 3.00. If it turns and continues down from here the investment short analysis will continue to...
Buy Zone - 65 to 71 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a...
ACL has nicely broken and retested, and prepping to confirm with a BOS. However RSI has come near its trendline. Tomorrow closing above it will be vital for price to appreciate to further!
Next few days for ACL will be crucial. 77.5-80 is resistance. Trend line will also act as resistance. MA 200 is on a downward slope. If the above resistance area and trend line is broken, it will be good. Lets watchout our for the next few days
Retest, get set go. One of the sectors which will recover easily with ASI
Looking for a recovery to the previous failure. Created new lows under July-Nov 2021. We have gained on the 19th-20th on the smaller timeframe and now retesting as we speak. We should impulse up to the previous failure if all goes well.
ENTRY: 4.63 SL: 4.25 TP: 5.53 - ADX>20 - RSI<50,RSI<70 - Daily RS N/A - Daily FFI +ve - Daily MACD +ve - Weekly RS N/A - Weekly FFI +ve - Weekly MACD N/A - Breakout of range on 26 Aug 2021 with high volume. - Retraced with lower volume until 3 Sep 2021 showing possible buyers coming in. - Breakout of range with high volume today. Would like for it to close above 4.63.
Will allocate in the coming days if - price stays above fib level (red-line closest to current price) - for thesis to stand, price must not break pink trend-line (call it a 'mental trend-line' if you will) - Volume profile suggests, if price can remain above shaded yellow zone, we could see a rise to 490