PGAS bullish divergence
We can see that from the chart the price is getting lower and the RSI indicator is getting higher.
Also notice how the volume is getting higher in this price area, it seems that people believe this is quite a reasonable price/area to buy PGAS.
Also note that, although the price movement has form divergence which mean a reversal might happen, pliss always put a stoploss in the trade since there are no sure-fire strategy that work 100% everytime. For stoploss, below the green line is quite reasonable, but in this case i will put my stoploss below the recent lower low.
Also notice how the volume is getting higher in this price area, it seems that people believe this is quite a reasonable price/area to buy PGAS.
Also note that, although the price movement has form divergence which mean a reversal might happen, pliss always put a stoploss in the trade since there are no sure-fire strategy that work 100% everytime. For stoploss, below the green line is quite reasonable, but in this case i will put my stoploss below the recent lower low.
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