MACD about to cross indicating that the price is wanting to move higher and RSI forming Positive Divergence both of these things are support upwards movement. What needs to happen next is that the price needs to break resistance level and downtrend line which would give strong signal of upward movement. Partial of the profit should be taken near to the previous ATH and main targets are at 31 & 32.4 levels. If the price rejects buy order target and starts falling I have added possible reversal zone where should be seeked for another buying opportunity. If another buying opportunity occurs from the lower levels I will keep this chart updated with new targets.
Buy orders should be set above 24 level and stop loss below strong support (at 19.7 level).
If you have any questions related to this trade, feel free to leave them down below in to comments section.
Educational Part:
Did you know risk management is more important than taking any trades with ready targets.
Learn to manage your risks in every trade and build your own strategy around it. You will sleep better certainly.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
Buy orders should be set above 24 level and stop loss below strong support (at 19.7 level).
If you have any questions related to this trade, feel free to leave them down below in to comments section.
Educational Part:
Did you know risk management is more important than taking any trades with ready targets.
Learn to manage your risks in every trade and build your own strategy around it. You will sleep better certainly.
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
