Donear testing 100 day exponential moving average (DEMA)! Last five candle tells the whole story!! Sellers have tried to push the price down from 6th april with a pin bar formation. However buyers have managed to push the prices again near 100 DEMA from 55-57!! If we see a close above 65, means buyer have an upper hand and stock can move further north!! Stop should be below the region where the buyers entered and provided support ( below 57)
Ordre annulé:
Buyers were not able to sustain price above 65 hence no entry found in this one