A Reversal Patterns!The candlestick formation pattern indicates the end of the existing downtrend pattern with RSI conforming to the candlestick pattern due to fresh buying on ADVENTA. Yet, the result in volume is not yet significant.
The MACD indicator indicates a reversal pattern towards the uptrend pattern.
Let's save ADVENTA in WL and watch out for significant price movement with the result in volume towards a new peak price.
R 0.500
S 0.400
ADVENTA trade ideas
An Uptrend Pattern!OBV chart indicates a divergence signal where candlestick confirmed the uptrend pattern with volume above MA20.
There is a high probability of high demand in the Health Technology sector. Therefore, et put ADVENTA in WL and watch out for significant price movement with volume.
R 1.150
S 0.960
Strong Uptrend Pattern!ADVENTA continues with strong uptrend momentum where volume indicates buying interest in ADVENTA strength.
MACD and OBV charts confirmed the uptrend pattern. No sign of weak momentum.
To place a bid, use VWAP as a guideline and place your bid below the VWAP line.
Put ADVENTA in your WL and watch out for significant price movement or when MA20 crosses up MA50 hence indicating a strong uptrend momentum.
R 1.830
S 1.06
A Breakout Signal!A price breakout when the candle has a full-body closed above MA20 with volume above MA20.
MACD and OBV charts indicate divergence signals
Watch out for a false breakout when the price returns to the previous trading range and fixes there. If the candle is full-bodied and closes below the MA20, wait for yet another candle. This second confirmation candle should be smaller than the breakout candle and it should also close below the breakout level.
Put ADVENTA in your WL and watch out for significant price improvement with volume and when MA20 crosses up to MA50, hence indicating a long trade position.
R 1.14
S 0.955
ADVENTA Targer LongCurrently price seem like under compression phase (candle become smaller) . Can look for buying opportunities if price reject at support area either reversal candle , double bottom pattern or compression . To be save can wait price breakout the TL and retest back then entry. SL if break support area and TP at nearest resistant to be safe.