Long
ASX: VTG - Vita Group Limited
Factors
1. Price has experienced a LT downtrend (Starting April 19)
2. Recent price is poking out of it's LT downtrend
3. Price slowly building a base with a short term resistance at $1.235 .
4. EMA is converging and all pointing up.
5. There is an overhead gap at $1.365 which I would be looking to target, $1.550 if we're feeling more ambitious.
Possible Reasons For Failure
1. No breakout/bullish price action at $1.235 to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown at the short term resistance
Watchlist and keep an eye on, mainly at $1.235 level.
1. Price has experienced a LT downtrend (Starting April 19)
2. Recent price is poking out of it's LT downtrend
3. Price slowly building a base with a short term resistance at $1.235 .
4. EMA is converging and all pointing up.
5. There is an overhead gap at $1.365 which I would be looking to target, $1.550 if we're feeling more ambitious.
Possible Reasons For Failure
1. No breakout/bullish price action at $1.235 to initiate trade
2. Prices may continue to downtrend
3. Base may breakdown at the short term resistance
Watchlist and keep an eye on, mainly at $1.235 level.
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.
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.