ARMP 2/9/2021
Analysis:
Daily Chart- After long downtrend, price went on a sideways market between 2.67-4.77 lasting 771 days. On 1/28/21, price made a strong move north breaking past Resistance Area of 4.77. There is currently a Golden Cross further exhibiting the buyer strength. Price has remained above resistance and has formed a Bullish Pennant pattern with higher lows into small resistance area of 5.96. The price also has the support of the 10ma signaling a very strong strength of the current move.
Entry: 6.12
Stop Loss: 5.11(-14%)
Initial Target: 14. Will trail with 10ma on daily
Daily Chart- After long downtrend, price went on a sideways market between 2.67-4.77 lasting 771 days. On 1/28/21, price made a strong move north breaking past Resistance Area of 4.77. There is currently a Golden Cross further exhibiting the buyer strength. Price has remained above resistance and has formed a Bullish Pennant pattern with higher lows into small resistance area of 5.96. The price also has the support of the 10ma signaling a very strong strength of the current move.
Entry: 6.12
Stop Loss: 5.11(-14%)
Initial Target: 14. Will trail with 10ma on daily
Trade fermée: ordre d’arrêt atteint
Stopped on 3.3.21 at 5.11(-14%)Note
Price has found support at 4.77. Reentering trade.Entry: 4.80
Stoploss: 4.35(-9.39)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.