OYY.SGX_Downtrend Line Breakout Trade_LongENTRY: 1.92
SL: 1.59
TP: 2.21
- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Reached high on 15 Jul 2021 and retracing since then.
- 6 Oct 2021 breakout of downtrend line with high volume.
- Today break above HVN and another downtrend line with high volume.
- Showing buyers in control since Oct 2021 with high volume green days and retracement under lower volume.
