If prices break above the previous 34 156 resistance, this should be a good opportunity to buy into this market. The price is above the 100-day exponential moving average on the weekly chart and also seems to be bouncing off the 400-day EMA on the daily chart, as this seems to present a support zone. Our good old trendline shows the price making a series of higher highs and higher lows, however, the slope of the trendline is not that steep, meaning this stock will be a slow mover, if it moves to the upside at all.
Buy: When the price breaks above the 34 156 level. '
This trade will be invalidate if prices break well below the trendline or the 400-day exponential moving average on the daily chart. Proper risk management should be exercised.
Buy: When the price breaks above the 34 156 level. '
This trade will be invalidate if prices break well below the trendline or the 400-day exponential moving average on the daily chart. Proper risk management should be exercised.