Long
Ren- support
Partial buy on REN at the pivot (yellow line) above.
Most if not all of my current holdings are charted using support and resistance zones (red areas) and a yellow pivot line in the middle. The pivot zone represents equilibrium between the bulls and the bears. If price is in a confirmed uptrend on a higher time frame
(in this case the daily chart) then pullbacks to the pivot usually represent decent buy areas.
Only partial buys though until the PARSAR is back under price and the SMS is at least green and trending higher.
Sells are taken at resistance unless resistance is broken and looks to flip into support.
Most if not all of my current holdings are charted using support and resistance zones (red areas) and a yellow pivot line in the middle. The pivot zone represents equilibrium between the bulls and the bears. If price is in a confirmed uptrend on a higher time frame
(in this case the daily chart) then pullbacks to the pivot usually represent decent buy areas.
Only partial buys though until the PARSAR is back under price and the SMS is at least green and trending higher.
Sells are taken at resistance unless resistance is broken and looks to flip into support.
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