Analysis of GNFC : Multiple Entry Point & Momentum Confirmation

アップデート済
The stock is fundamental strong and technically given multiple confirmation & entry point. The analysis given below :

スナップショット
a) Falling Wedge: The price structure was in HL-LL and given a resistance breakout with volume.

スナップショット

b) Inverse Head & Shoulder: After the breakout and making new high, price was consolidating in range with neckline acting as resistance.
c) Neckline resistance broken with surge volume, confirm the breakout.

スナップショット

d) Retest Level: The price retrenched to neckline level and acted as support base. The inverse hammer was formed at retest level (giving sign for reversal).
e) Entry Level: The correct entry level was above high of wick in inverse hammer candle.
f) The stock got a momentum and confirmed with volume.

スナップショット

g) RSI Divergence and Fib Support from golden ratio.

Thanks
ノート
Watch out for trendline breakout !!

スナップショット
Beyond Technical AnalysisChart PatternsTechnical Indicators

他のメディア:

免責事項