DLink, looks strong in monthly and weekly, multiple times sellers have attempted to bring the price down at the major supply zone of 228-253, but buyers have won and the stock is moving up.
Weekly is moving in a narrow range consolidation, 3rd week, now, post the triangle compression breakout that happened.
One may look for consolidaiton BO in the upper side of the channel in 75 mins and any Lower TF for a better entry.
Monthly RSI is perfectly moving from over sold to overbought, yet to reach overbought.
Weekly is moving in a narrow range consolidation, 3rd week, now, post the triangle compression breakout that happened.
One may look for consolidaiton BO in the upper side of the channel in 75 mins and any Lower TF for a better entry.
Monthly RSI is perfectly moving from over sold to overbought, yet to reach overbought.
Trade closed: target reached
Trade closed at 4.5% ROI in a single trading session, do not prefer to run further as there is no sufficient consolidation at the BO that happened in 75 minutes, so may turn out to be a fake one. Can re-enter at the lower price range for bigger targets.
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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.