SYD - Waiting for an ultimate Buying Opportunity

2020年12月6日

Sydney Airport - SYD had been hit really hard during the pandemic, and recently the price rocketed from the lows and have made a higher high, confirming that it has made a bottom. The recent price action suggests that it is having a hard time to continue to the upside because of the resistance which it has hit and formed a big rejection candle as a result, and no bullish follow through. It seems that it is going to roll over.

1. It has printed a higher high
2. It has made a Golden Cross
3. Current price action indicates it is finding resistance between $6.95 and $6.55 , and may give a retracement.
4. The price is unable to close above $6.95, (its previous Resistance level), and forming red candles and bearish closing,
which indicates Selling pressure.
5. I believe it's going to give a good buying opportunity at $6.00 - $6.30 range.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade

2020年12月7日

註釋

Price consolidating. Expecting to pull back.

2020年12月8日

註釋

Daily Bearish Candle formed. Expecting it to pull back.

2020年12月10日

註釋

Price coming down as expected.

2020年12月14日

註釋

Price pulling back as expected.

2020年12月18日

註釋

2020年12月18日

註釋

Price is coming down and expected to come down into the Buy Zone (between $5.90 - $6.25), waiting for a potential Buy Setup, and Bullish Price Action to take a buy position.

2021年1月6日

註釋

2021年1月6日

註釋

Price is coming down and expected to come down into the Buy Zone (between $5.90 - $6.25), waiting for a potential Buy Setup, and Bullish Price Action to take a buy position.

2021年1月17日

註釋

2021年1月17日

註釋

Price has come down into the Buy Zone, but now the question is whether it will move up from here or go down further to $5.80 level where the trendline support lies. It has closed the Gap , so we have to see what happens next. We are very close to Support now.

2021年1月27日

註釋

2021年1月27日

註釋

We can see that SYD has been retracing since quite a while now, I think now we are very close to Support and RSI is in Oversold territory. Lets see how SYD behaves in the coming days. Watching Closely!!

2021年1月31日

註釋

2021年1月31日

註釋

SYD has pulled back deeply, I think now we are very close to Support and RSI is in the Oversold territory. Lets see how SYD behaves in the coming days. Watching Closely!!