Screenshot from Yahoo Finance Time Frame 1 D FOLD
Graph Analysis
How you can all see on this chart there are many lines which I'm going describe. The first line is R1 which is resistance line at 9,61. C1 is there because there was puncture through R1 line which meaning is a trend is going up. After that trend went up to 14,05 and after that, there was price channel. But price bounce off S1 11.72 support and after that price bounce off also S2 support how you can see that in C2 circle. The price went up and bounce off many times by S2 support. Now we have to wait till price bounce off again or go through another line.
Short position
When you could enter into short positioning ? For first if the price goes through S2 support or if price bounces off R2. But when you should close trade ? I would recommend if price bounce off another support line or price go through resistance line. But also you can end positioning if you are happy with profit.
Long position
Now I'm going to tell you when you could enter into long positioning ! You could enter into long positioning if you see a trend is up trend or when price bounces off support line. Also when the price goes through resistance line.
Summary
Now my summary how you all can see price have an uptrend. But I think the price will go higher because another resistance line is at 17.50. But don't risk if you don't it could be or not. This is just my estimate! And also better wait then lose your money.
I'm Warning you !!
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
Graph Analysis
How you can all see on this chart there are many lines which I'm going describe. The first line is R1 which is resistance line at 9,61. C1 is there because there was puncture through R1 line which meaning is a trend is going up. After that trend went up to 14,05 and after that, there was price channel. But price bounce off S1 11.72 support and after that price bounce off also S2 support how you can see that in C2 circle. The price went up and bounce off many times by S2 support. Now we have to wait till price bounce off again or go through another line.
Short position
When you could enter into short positioning ? For first if the price goes through S2 support or if price bounces off R2. But when you should close trade ? I would recommend if price bounce off another support line or price go through resistance line. But also you can end positioning if you are happy with profit.
Long position
Now I'm going to tell you when you could enter into long positioning ! You could enter into long positioning if you see a trend is up trend or when price bounces off support line. Also when the price goes through resistance line.
Summary
Now my summary how you all can see price have an uptrend. But I think the price will go higher because another resistance line is at 17.50. But don't risk if you don't it could be or not. This is just my estimate! And also better wait then lose your money.
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspire from me !! But if you lose money I will not give you money back and no one will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for an informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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