ENTRY: 268.72
SL: 291.45
TP1: 256.98
TP2: 246.65
- ADX>20
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Short-term downtrending stock.
- EMAs are aligned.
- Stoch RSI still above overbought area and waiting for it to cross down 70.
- Price pulled back to 20EMA and seems to reject support turn resistance area and monthly CPR since 20 Apr 2022.
- Entry based on initial >3% bounce from 10/20EMA.
- Would like a better closing.
SL: 291.45
TP1: 256.98
TP2: 246.65
- ADX>20
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Short-term downtrending stock.
- EMAs are aligned.
- Stoch RSI still above overbought area and waiting for it to cross down 70.
- Price pulled back to 20EMA and seems to reject support turn resistance area and monthly CPR since 20 Apr 2022.
- Entry based on initial >3% bounce from 10/20EMA.
- Would like a better closing.
Trade closed: stop reached
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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.