visual soft:
Use http://www.icharts.in/charts.html to see chart from year 2000 to current date. The chart has 4 peaks. Now it is at the base of the 4the peak. Until 100 is taken, I would not enter this stock. Why 100? Draw a line touching all the bases. This line will end up close to 100. Incidentally, 100 is also 50 day EMA point, which is resistance right now. In the short term, MACD histogram is positive. Hopefully, in the next 2 weeks, depending on the market, the stock crosses 100. But, expect drawdown in the mean time.
matrix lab:
Hope you did not enter today. Buying in overbought condition will test your pain. If you have to buy this stock, you only have to do based on MACD. Still, the stock is has a setup but, entry condition not met. You should not have entered it until pull back. Now, you have to wait in agony as stock retraces back. Till MACD histogram is positive and there is no crossing down of lines, continue to hold. In other case, exit.
Use http://www.icharts.in/charts.html to see chart from year 2000 to current date. The chart has 4 peaks. Now it is at the base of the 4the peak. Until 100 is taken, I would not enter this stock. Why 100? Draw a line touching all the bases. This line will end up close to 100. Incidentally, 100 is also 50 day EMA point, which is resistance right now. In the short term, MACD histogram is positive. Hopefully, in the next 2 weeks, depending on the market, the stock crosses 100. But, expect drawdown in the mean time.
matrix lab:
Hope you did not enter today. Buying in overbought condition will test your pain. If you have to buy this stock, you only have to do based on MACD. Still, the stock is has a setup but, entry condition not met. You should not have entered it until pull back. Now, you have to wait in agony as stock retraces back. Till MACD histogram is positive and there is no crossing down of lines, continue to hold. In other case, exit.
Last edited: