Trade Bias: Long
Based on the weekly chart for Anlon Technology Solutions Limited shown the market structure displays strong bullish momentum.
The price previously cleared a major resistance at 598.50 and has now decisively broken above the next key resistance level at 728.80.
With the current price trading near 774.00, this price action confirms a solid continuation of the broader uptrend.
Rationale:
This setup follows a classic breakout and continuation strategy.
The strong weekly price action breaking above the 728.80 mark indicates that this previous resistance has now flipped to a potential support zone.
The visible upward momentum leading into this breakout suggests strong underlying demand.
Trade Setup:
Entry Point: Current market price around 774.00, or optimally on a pullback to retest the 728.80 support level.
Target: Anticipating continued momentum, an initial target is set at 900.00, with a secondary extension target at 950.00.
Stop Loss: Place a stop loss at 675.00, safely below the breakout candle's base to protect against a false breakout or trend reversal.
Expected Duration: Medium-term (4 to 8 weeks).
Based on the weekly chart for Anlon Technology Solutions Limited shown the market structure displays strong bullish momentum.
The price previously cleared a major resistance at 598.50 and has now decisively broken above the next key resistance level at 728.80.
With the current price trading near 774.00, this price action confirms a solid continuation of the broader uptrend.
Rationale:
This setup follows a classic breakout and continuation strategy.
The strong weekly price action breaking above the 728.80 mark indicates that this previous resistance has now flipped to a potential support zone.
The visible upward momentum leading into this breakout suggests strong underlying demand.
Trade Setup:
Entry Point: Current market price around 774.00, or optimally on a pullback to retest the 728.80 support level.
Target: Anticipating continued momentum, an initial target is set at 900.00, with a secondary extension target at 950.00.
Stop Loss: Place a stop loss at 675.00, safely below the breakout candle's base to protect against a false breakout or trend reversal.
Expected Duration: Medium-term (4 to 8 weeks).
Đóng lệnh: dừng lỗ
Stoploss hit.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.