TradeVSA - Stock Trade Ideas

SCABLE - Pullback Completed?

TradeVSA
Publish date: Tue, 23 Feb 2021, 11:26 AM

 
 
1. Full pullback
- breakout from accumulation with spike in volume
- low volume full pullback with 8 down bars
- successfully rebound between 20 and 40 MA 
 
2. Support formed
- well-supported above 40MA
- higher low formed with narrow spread bars around 0.36
 
3. Ready to breakout
- Green Pentagon reappeared with increasing volume
- NS signal appeared , indicates less sellers 
- price above 20MA ,waiting to challenge resistance
- wait for breakout for entry
 

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Disclaimer: This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock

 

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Be the first to like this. Showing 2 of 2 comments

hongchai

Still can hold now?

2021-03-01 21:26

TradeVSA

Current price hold above NS bar. Looks like a good support

2021-03-15 14:42

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