A price breakout when the candle has a full-body closed above MA20 with volume above MA20.
MACD and OBV charts indicate divergence signals
Watch out for a false breakout when the price returns to the previous trading range and fixes there. If the candle is full-bodied and closes below the MA20, wait for yet another candle. This second confirmation candle should be smaller than the breakout candle and it should also close below the breakout level.
Put ADVENTA in your WL and watch out for significant price improvement with volume and when MA20 crosses up to MA50, hence indicating a long trade position.
R 1.14
S 0.955
MACD and OBV charts indicate divergence signals
Watch out for a false breakout when the price returns to the previous trading range and fixes there. If the candle is full-bodied and closes below the MA20, wait for yet another candle. This second confirmation candle should be smaller than the breakout candle and it should also close below the breakout level.
Put ADVENTA in your WL and watch out for significant price improvement with volume and when MA20 crosses up to MA50, hence indicating a long trade position.
R 1.14
S 0.955
