I. Analysis 1. Uptrend as evident from series of hh/hl + 20MA (strong uptrend) 2. Price has been leaning against 20MA which can be deemed to be working as a value zone 3. Strong bullish pinbar just formed providing us with an entry Popular stock in a very strong uptrend. Finally we have a new entry to ride this trend. II. Trade 1. Enter at the next candle 2. SL...
I. Analysis 1. Clear and strong uptrend and evidenced by series of hh/hl + 20MA - look for long entries 2. 20MA working as a support area 3. Strong hammer just formed and glued to the 20MA We are trading with the trend, from a value area and with a clean entry trigger. II. Trade 1. Enter next candle 2. SL 1 ATR below 20 MA/ current pinbar 3. TP when price...
I. Analysis 1. Stock in a healthy uptrend with swing lows either testing or getting close to the 50 MA 2. Price trading at the value zone - 50MA area 3. Strong bullish engulfing candle at this area - candle nearly 1,5x one ATR (14) We have a trend giving up a long bias, price in a value area and a strong bullish engulfing providing us with a reliable entry...
I. Analysis 1. Text book cup with handle formed on the daily timeframe; 2. Volume increase at the right side of cup, volume decrease at the handle formation; 3. Stock in a short term uptrend as 20MA shows; 4. Price action wise, the price should have bounce way lower after that highs breakout and rejection right? Well, buyers are willing to buy near this...