ASX: Titomic
Factors
1. Price has experienced a LT downtrend (Starting May 19)
2. Price slowly building a base with recent price action respecting that lower and upper trendline.
3. EMA is converging
4. There is an overhead gap at $1.45 which I would be looking to target.
Possible Reasons For Failure
1. No bullish price action/candlestick pattern to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown
4. Target might be too optimistic
Watchlist and keep an eye on.
1. Price has experienced a LT downtrend (Starting May 19)
2. Price slowly building a base with recent price action respecting that lower and upper trendline.
3. EMA is converging
4. There is an overhead gap at $1.45 which I would be looking to target.
Possible Reasons For Failure
1. No bullish price action/candlestick pattern to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown
4. Target might be too optimistic
Watchlist and keep an eye on.
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.