After the bottom in May of 2022, the price gapped up and broke through its resistance in $550.
Then formed a base to digest this move before continuing its trend up, this was my signal to buy as it broke out above $636. After that it didn't follow through and its RSI signaled weakness so I sold.
I don't like to hold positions that aren't going anywhere even if I'm on profit.
Still, its relative strength againts its benchmark (
IJH) shows leadership and the price is still near highs so, I'll wait and see if it can breakout this base-over-base.
The RS ratio already broke out, the price could follow.
If not, I won't buy it again.
Then formed a base to digest this move before continuing its trend up, this was my signal to buy as it broke out above $636. After that it didn't follow through and its RSI signaled weakness so I sold.
I don't like to hold positions that aren't going anywhere even if I'm on profit.
Still, its relative strength againts its benchmark (
IJH) shows leadership and the price is still near highs so, I'll wait and see if it can breakout this base-over-base.The RS ratio already broke out, the price could follow.
If not, I won't buy it again.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.