This is a curious chart. I guess what strikes me is the shares performance over the MRQ.
All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs).
The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or VWAP.
Whichever comes first I suppose.
This seems like quite an aggressive trade, so keep an eye on that Resistance it's just broken. That's where I would look to Exit the trade if I was holding. (Disclaimer, I am holding).
Lastly the MACD is showing no signs of Divergence or Bearishness, so I'm happy to hold for a move toward R43.00
Fingers Crossed!!!
All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs).
The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or VWAP.
Whichever comes first I suppose.
This seems like quite an aggressive trade, so keep an eye on that Resistance it's just broken. That's where I would look to Exit the trade if I was holding. (Disclaimer, I am holding).
Lastly the MACD is showing no signs of Divergence or Bearishness, so I'm happy to hold for a move toward R43.00
Fingers Crossed!!!
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.
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.