AVACTA - LTF trade idea

2022年7月31日

I know I bang on about Avacta a lot. But think we have a good trade setup here

- Bollinger bands pinching
- Accumulation/build up, approaching the top of a channel (bull flag Htf)
- Strong excitement/sentiment amongst investors
- Wider markets performing/recovering well.
- Higher lows on 1 day tf
- OBV creeping up, whilst price steps down (1 day)

* Stops would sit just below the swing lows here.
* Targets could trail cos this really could go some now.

Or entry on retest of overhead resistance as support.

I feel like we could be trading above ichimoku on 1 hour and 4 hour easily in the coming day, so taking position now could beat the crowds.