SUN TV NETWORK LTDMis à jour SUNTV - Nearing MULTI-YEAR HIGHS
The stock has been in an upward channel .
And now it's re-attempting to push higher than earlier high of 774 and move towards levels which it achieved before 2008, that is above 800.
Buying interest has been good.
But be careful, the stock has already moved a lot on the upside, and might not immediately cross the earlier level; but when it does, a big breakout is more probable.
Keep it in your watchlist for upcoming days and trade according to strategy.
And now it's re-attempting to push higher than earlier high of 774 and move towards levels which it achieved before 2008, that is above 800.
Buying interest has been good.
But be careful, the stock has already moved a lot on the upside, and might not immediately cross the earlier level; but when it does, a big breakout is more probable.
Keep it in your watchlist for upcoming days and trade according to strategy.
Note
Good buying opportunity now. Channel support. Exit on break of trendline.
Target , ride the trend.
Note
Open just below trendline. Stock weak if it does not re-enter the channel immediately. It's also head and shoulders break diagonally. Shorts can be taken below today's opening bar low with min stop loss.
Trade fermée: ordre d’arrêt atteint
Entry happened at - 744.5SL Hit - 749
Now will look for long opportunities inside the channel.
Note
Learned to never short a channel break. Mostly, it doesn't have a good follow through. Prices come back up again validating the channel's importance.Note
Broke into the channel, surpassed the blue line. And still going up !
Publications connexes
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.