Lately the market has been quiet except for a handful of counters.
My trading analysis focuses on
- trading with the trend
- using dynamic support/resistance for entry
- exiting when the trade is invalidated
- having a trading strategy and following it strictly
Summary
Charts & explanations
Lippo Mall trust. This counter is a high possibility trade for the following:
1) Cup and handle formation;
2) up trend has been established and validated with 3 instances where the dynamic support lines ( high time frame SMAs) propelled it upwards.
3) accumulation and MACD indicator pointing to the onset of a uptrend!
high probability trade indeed!
Super group. Reversal play, as it seems it has bottomed out. the prices are peeking above the down trending SMAs. the MACD indicator is uptrending again and there is a fair bit of accumulation.
but tread lightly on this counter!
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