- If you look at the downtrend, everytime it tries to cross or breakout above 20EMA it falls back
- Observe the SuperTrend was always in selling when the stock was trying to breakout above 20EMA
- This time the breakout is different, it is above 20EMA, above SuperTrend and the strong body candle
- Stop loss could be median of the breakout candle or the low of the breakout candle
- If this works out, we would have just got the bottom here
Yorum:
Another interesting point is "Volumes" at the breakout candle. It's a giant bar and signaling bottoming out is in process.