Case Study: SMI, sudden dropMYX:SMI
There seems no sign to indicate this movement, but perhaps the price volume analysis is a bit difficult to read during red candle days (unable to confirm the direction)
SMI trade ideas
SMISupport195
Resistance 240/260
Entry Reason:
1. Retracement. This counter is on an uptrend and its cumulative volume increasing too.
2. Breakout from the highest price of "B" signal.
follow my profit or click the link below to get FIFO indicator:
SMI potential to continue uptrendSMI potential to continue uptrend.
4HR just crossed Ichi cloud.
Price above weekly Ichi cloud.
(Only for my own research & learning)
SMI potential to go upsidePrice already break down trendline.
Already crossed daily Ichi cloud and pullback to rebound.
Weekly also already crossed Ichi cloud.
Therefore, SMI has the potential to go upside.
SMI: Potential C&H FormationSMI Potential C&H Formation:
Few targets *if* the formation is complete would be: 0.235 & 0.280.
But it will be more bullish if its continue to break its 52WKH @ 0.30!
Interesting!
SMI TO THE MOONI been watching this stock since few week now. I have high hope and faith in this stock. You might see ultra spike volume past few week, but no yet selling volume. It mean this stock will fly ridiculous high. Now the price is at the support. It's stupid if you dont take your chance to entry and hold until it break the cup and handle pattern.
It either now, or never... Ride with me..
SMI [24 September 2020] Strategy: Buy On Dip in Support ZoneMYX:SMI
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
