The price gained momentum after crossing over the MA20 line backed by volume due to fresh buying interest on the stock. This will be the beginning of a price rally towards the next price resistance.
MACD and OBV indicate a divergence signal, thus, confirming the price momentum towards the next price resistance.
To place a bid, use VWAP as a guideline then place the bid below the VWAP line. Because the price Point of Control (PoC) is the same as the closed price. Therefore, higher risk for a long trade position.
Let's save PTRANS in WL and watch out for the significant price movement backed with volume or the MA50 line crossing the MA20 line, hence, indicating a strong uptrend momentum.
R 0.925
S 0.875
MACD and OBV indicate a divergence signal, thus, confirming the price momentum towards the next price resistance.
To place a bid, use VWAP as a guideline then place the bid below the VWAP line. Because the price Point of Control (PoC) is the same as the closed price. Therefore, higher risk for a long trade position.
Let's save PTRANS in WL and watch out for the significant price movement backed with volume or the MA50 line crossing the MA20 line, hence, indicating a strong uptrend momentum.
R 0.925
S 0.875