EXPO.N0000 - How to buy and sellBuy and Sell zones mentioned in the chart.
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EXPO.N0000 trade ideas
EXPO another index dragger right here.!
counter was beaten down so hard and RSI has come to 21 (oversold ++) levels, while making Bullish divergence below 4hrs time frame. However clean close above 132 tomorrow is a must for counter to go back in the broken trendline to consider it being a Fakeout. Good collection and volumes were noted today at 130 levels.
4hrly chart also shows a falling wedge being made.!
EXPOtoDespite many negative rumors, expo bounced up from its trendline support. (131.5) today at the bourse. If anyone entered a trade, one can hold on to it with a strict stop loss below 130. It has currently completed 5 waves within the pattern. So likely to see a big move soon.
Follow the earlier charts to see the prior movements
EXPO | Analysis 1hAnalysis: The stock has formed a falling wedge pattern, which is a bullish chart pattern, and it is also making a bullish divergence on RSI. If it breaks above the wedge pattern and 30-hour moving average, it could signal a reversal in the bearish movement and potentially lead to a bullish movement.
Stop-Loss: 141
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
EXPO | Be Patient!The stock is consolidating within the descending triangle pattern. Further observation is needed until a proper breakout to either side occurs.
If taking a trade at these levels to manage risk, the stop-loss can be placed below 169.50 or previous higher low of 170.25.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
EXPO - being shipwrecked?EXPO once a major index moving counter has lost a major support (170) is heading towards its next support levels (yellow fib lines)
i have used multiple fib charts to get a more accurate setup. golden pocket can be seen around 149-152 range where more buyers will rally to buy.
RSI seemed to have retested and crashed before price action came in.