Very well established and respected channel. Price entering into first resistance area. A clear break should see price move to top of channel and into 2nd resistance area.
entry - above 2.84
stop - 2.54 then trail
target - 3.10 to 3.30
ENTRY: 2.18
TP: 2.5
SL: 2
- ADX>25
- RSI>65
- MAs are aligned
- Break up with decent volume on 18 Nov 2020
- Daily 100MA cut above 200MA on 19 Nov 2020
- Low volume retracement on 19 Nov 2020
- Decent volume with bullish candle on today