NAV -3.52% is trading in this Ascending Channel which means you should sell at the red line and buy under the green line.
The marked zoned marks the buy/entry zone.
Could expect to test black line support. If falls below this support, I would hold out until it gains some footing.
Alternatively, you could enter a LONG position if it breaks the upper resistance (red) line with high volume to back it up. This would be a very bullish signal.
DISCLAIMER:
I'm relatively new at trading so take this advice at your own risk! Happy trading everyone :)
The marked zoned marks the buy/entry zone.
Could expect to test black line support. If falls below this support, I would hold out until it gains some footing.
Alternatively, you could enter a LONG position if it breaks the upper resistance (red) line with high volume to back it up. This would be a very bullish signal.
DISCLAIMER:
I'm relatively new at trading so take this advice at your own risk! Happy trading everyone :)
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Testing the support on the black line
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Bounced from support on the black line with a bullish engulfing candle.
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Has broken the black line support level downwards. Steering clear until it finds support on the red line of falling wedge on my other analysis.