RE: Stage Analysis Beginners Questions-hwx.to
(2020-06-27, 05:23 PM)malaguti Wrote:(2020-06-27, 03:18 PM)marry123 Wrote: Hi Isa and others.
I was hoping to have your input on HWX.TO in terms of entry long trigger level. It seems to have broken out from a long base around 0.84 (on very large volume) and now needs to break above 1.24 resistance (30 and 10 MA are rising nicely). I have drawn a potential resistance line around 1.50 so to enter long would one wait to break above 1.50 or enter long on a break of 1.24?
Thanks for your thoughts on this chart.
Hi Marry, I'd be inclined to enter at a break of 1.31 for a continuation trade
the original breakout was at 0.85 so this is 60% already into its move (and the whole of the retracement to retest the breakout)
also be wary however of resistance between 1.4 and 1.48 very close to your trend line
Thanks for your input, Malaguti. I very much appreciate it.