This time we combined 3 different timeframes in the same screen. They are 60mins, 240 mins and daily.
We keep 8 EMA & 20 EMA on each charts
The charts on different timeframe showed an uptrend, we can simply create a channel with the same base to that up-trend line (orange), and move the top line of that channel to the previous highest price around 0.86. The current price has hit the top line of the channel as a resistance at 0.97.
Because of today’s open price is gapped up. We may take a lot concerns. At the end of today, we don’t want to see a shooting star formed. If you bought this stock at the blue arrow marker by 10000 shares. You may consider to sell 5000 shares to secure your profit. For the next 5000 (if the shooting star has yet formed), we target sell at 1.272 level of Fibonacci Extension.
We keep 8 EMA & 20 EMA on each charts
The charts on different timeframe showed an uptrend, we can simply create a channel with the same base to that up-trend line (orange), and move the top line of that channel to the previous highest price around 0.86. The current price has hit the top line of the channel as a resistance at 0.97.
Because of today’s open price is gapped up. We may take a lot concerns. At the end of today, we don’t want to see a shooting star formed. If you bought this stock at the blue arrow marker by 10000 shares. You may consider to sell 5000 shares to secure your profit. For the next 5000 (if the shooting star has yet formed), we target sell at 1.272 level of Fibonacci Extension.