Just checked this stock which seems very good trade for now. With a flow of good news for the past week about the trade war between China and USA, there is a good possibility for a long trade in here. Also technically, a downtrend line has been broken, and liquidity got swept, so i cant see anything in the way of a long trade in here.
See this marked blue line, thats a down trend that got broken. Now i would be looking for this small gap to be filled and the price testing the downtrend.
Confirm on lower tf if the price would hold this trendline and wont go below it, then make an entry.
See this marked blue line, thats a down trend that got broken. Now i would be looking for this small gap to be filled and the price testing the downtrend.
Confirm on lower tf if the price would hold this trendline and wont go below it, then make an entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.