Lemon Tree Hotels / Keep An Eagle Eye On
Lemon Tree Hotels was in a downtrend respecting trendline resistance. Now the price has broken out of the 2-year long trendline resistance and soon after failed to sustain. Now the price is at a retest of the trendline resistance breakout. We will now wait for the price to show strength and take positions
Every up move is with good volumes (June 2020, Novembar 2020, May 2021) so now the price is near to resistance zone wait for volumes to come in for confirmation of the breakout.
Price will face immediate resistance at 48 levels
If the 48 level is taken out will strat scaling
Keep this in your radar
Every up move is with good volumes (June 2020, Novembar 2020, May 2021) so now the price is near to resistance zone wait for volumes to come in for confirmation of the breakout.
Price will face immediate resistance at 48 levels
If the 48 level is taken out will strat scaling
Keep this in your radar
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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.