JoE

Huge volume confirms the start of a market cycle

Alış
SSE:600221   HAINAN AIRLINES HOLDING COMPANY LIMITED
Market moves in cycles, when a trend reverses course it needs time and often has some obvious signs.

In this case we are seeing a long term down trendline broken, Ascending Triangle breakout, Potential Rounding Bottom.

Despite horrible fundamentals, vaccine coming in a month or two will definitely be a strong catalyst for airline companies.

Volume is important, when huge volume kicks in on breakouts, I'd increase my position size and hold it until it stops trending.

###NOT FINANCIAL ADVICE###

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.