On Friday, this counter tested the resistance at 0.755 and manage to hit our entry price at 0.765 with only 200 lots only. This is why i always set my Entry price above the resistance above by 1 to 2 pips above and below the support.
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD - Going up but still below 0( Bearish)
4) RSI -Broke above 50% and testing the 70% ( Bullish )
5) Sto - Broke above 80% ( Bullish )
6) ADX - good momentum and bullish ( bullish )
7) Candle Stick -Shooting Star (Bearish )
8) Volume Distribution - High buying with high volume from the retail investor ( Bullish)
Hit the Resistance and retrace and showing a shooting star. Will this stock overcome and break the resistance again..
Entry Price 0.765
Resistance at 0.8 and 0.87
Support at 0.7
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