UnknownUnicorn6734025

Price action & Psychology - First pullback

Long
UnknownUnicorn6734025 Mis à jour   
NASDAQ:TNAV   None
Hello !

Key points :
  • Fading volume : The fact that volume is fading indicates that the pullback is losing momentum, we should see an increase in volume tomorrow compared to today. Interest in stock is rising.
  • The wide range bullish candlesticks shows that bulls are strong and there's actually interest in the stocks (i.e. those that didn't trade have a chance to buy now)
  • The stock gapped down, probably out of fear considering the overall market conditions, there's been a selling wave driving prices down but bulls caught up

***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.***

Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
Trade fermée: cible de profit atteinte:
Took profits from the table a bit under my definitive target.
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.