Moving Averages
Breakout
- From the last 2 days the stock traded below the 200ema.
- The ema lines are making a wave like pattern.
- The distribution of 20, 50, 100 & 200 ema is very proportional.
Breakout
- Today the stock gives 3 successful breakouts.
- All breakouts are in the last 3 hours of the market.
- First breakout of 20ema.
Second breakout of Resistance.- Third breakout of Parallel Channel.
Other Time Frames
- Bullish on Daily charts.
Prediction
- Bullish
- High Volatility
Trade
- The price can retest the levels.
- Enter a trade if price respects the levels of Parallel channel.
