GOCEAN (17/11/2020) battling resistance
GOCEAN is now on a major pullback and riding the downtrend parallel channel.
Stochastic shows a probably short uptrend with MACD still not showing any sign of breakout.
Nearest resistance is 0.225, with support of 0.15 (RRR 2:1 - not a good entry).
On lower timeframe, it seems to be making a limited upside testing the resistance 0.225. With enough volume, it could breakout to meet next resistance at 0.29.
There isn’t much Banker’s chip done on the past month, therefore we could anticipate a slower price movement.
A good entry is to let it break SMA60 resistance and EP 0.230, and ride along until TP 0.280, with Support at 0.19 (SMA10). RRR around 1:1.
The stock has relatively high balance float (72% of 414M shares), comparing with GLBHD (26% of 223M shares). This adds extra friction to its price action when sector theme comes into play.
TAYOR.
Stochastic shows a probably short uptrend with MACD still not showing any sign of breakout.
Nearest resistance is 0.225, with support of 0.15 (RRR 2:1 - not a good entry).
On lower timeframe, it seems to be making a limited upside testing the resistance 0.225. With enough volume, it could breakout to meet next resistance at 0.29.
There isn’t much Banker’s chip done on the past month, therefore we could anticipate a slower price movement.
A good entry is to let it break SMA60 resistance and EP 0.230, and ride along until TP 0.280, with Support at 0.19 (SMA10). RRR around 1:1.
The stock has relatively high balance float (72% of 414M shares), comparing with GLBHD (26% of 223M shares). This adds extra friction to its price action when sector theme comes into play.
TAYOR.
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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.