I just came across a post that connects the 'Closing of a Green candle' with the 'Opening of a Red candle' stating a Breakout. This is completely and utterly wrong in terms of analysis!
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Go easy on the 'Buy' button because there are multiple resistance points.
The stock might take support anywhere from 582 to 590 before moving up. If it doesn't you can expect it to fall to ~550.
Your best bet would be to wait and see on how this performs on 'Monday'!
Patience is key! Develop it when you trade!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
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Go easy on the 'Buy' button because there are multiple resistance points.
The stock might take support anywhere from 582 to 590 before moving up. If it doesn't you can expect it to fall to ~550.
Your best bet would be to wait and see on how this performs on 'Monday'!
Patience is key! Develop it when you trade!
======
This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
