FOR ENGLISH SPEAKERS:
The 22nd of May, the price reached 291.05, and since that moment on, the price has kept on increasing until reaching 409.20 today (rising above all the growing maximums since the mentioned date, which were 377.75 and 309.15). Several upward maxima are a good signal for any trader that is seeking un upward tendency to invest in. Nevertheless, I wanted to make sure that the tendency this company is experiencing was actually upwards.
First of all, I checked the William's alligator indicator, which indicates that the past 14th of August an upward tendency started because the short run moving averages (green and red) crossed down the long term moving average (blue). What is more, today the three moving averages point up, which is a very good signal for anyone which aims to buy shares.
Secondly, the Donchian's channels show that TODAY (30/08/2020) the candle has surpassed the upper line of the channel¡l, which indicates that it is a good time to buy. When should we exit, then? Whenever the candle surpasses the lower line of the Donchian's channel. A stop loss can perfectly be put in place there, but I would advise you to put it around the middle of the channel, as this would reduce risks.
Lastly, the accumulation/ distribution indicator that we can observe down in the image shows that te tendency does not look like it is going to reverse soon, because it clearly points up. Let's remember too that this indicator is mostly efficient in daily graphs just like this oNE. Therefore, I predict that the tendency will continue upwards