OCDI (SODIC): Mid-Term Trend Test! 🚨
The stock is currently moving within a medium-term uptrend channel, but price action is tightening.
📈 We are at a critical junction between key support and resistance. 📊
Bullish: Break & close above 19.00 resistance with strong volume. 🚀
Bearish: Lose 17.25 (200MA) support → Trend violation. 🔴
Wait for volume-backed confirmation at the 19.00 level before considering an entry! 👀🔥
If you like my posts, please follow and boost 🙌
The stock is currently moving within a medium-term uptrend channel, but price action is tightening.
📈 We are at a critical junction between key support and resistance. 📊
Bullish: Break & close above 19.00 resistance with strong volume. 🚀
Bearish: Lose 17.25 (200MA) support → Trend violation. 🔴
Wait for volume-backed confirmation at the 19.00 level before considering an entry! 👀🔥
If you like my posts, please follow and boost 🙌
Trade active
OCDI (SODIC): Target 19.90 Reached! What’s Next? 🚨The breakout we were waiting for has played out perfectly. By clearing the 19.00 resistance, the stock has hit your first target of 19.90 (recently touching a high of 19.72–20.00). 📊
Scenario A (Bullish): A high-volume push above 20.00 targets the 20.50 level. 🚀
Scenario B (Healthy Pullback): Price returns to retest 19.00, transforming the old resistance into a new support floor. 🛡️
The trend is strong, but the March 30th AGM is approaching expect some volatility as we near the meeting! 👀🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.