TraderZearth

TraderZearth | Joined since 2019-07-02

Investing Experience Not Disclosed
Risk Profile Moderate

Aspiring full time trader. My trading suggestion are more suited for mid term and catching low. I dislike chasing.

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2019-07-02 01:04 | Report Abuse

Disclaimer: Before taking the information shared here for granted and risk money you cannot afford to lose, please informed that the information shared here is just for education purposes and solely of author's personal opinion.


-------------------------- Topic Starts Here ---------------------------

Summary:
From the chart, I'm still seeing potential upside for this stock to at least 0.27 cents. What happens after that depends on how the market react. Analysis will only cover until that target price area.

1) From the general point of view, market has been creating higher low and higher highs for the past 8 months. You can easily form can bullish channel based on that. If you have noticed, there usually seems to be a surge of volume before each movement .
https://www.tradingview.com/x/bbm6FlVw/

2) Now that we have made anticipation on the movement via price action, we must next look at the decent SR. Here are some of the decent levels in which I think should be pretty decent and should be taken note of.
0.18 | 0.20 | 0.245 | 0.28
https://www.tradingview.com/x/qNQlXlk3/

3) With the above info, this is how I would plan trade.
https://www.tradingview.com/x/IcXp9hyt/

Now that technical point of view has been shared by me, please at least DYODD on the fundamental before risking money that you cannot afford to lose.

General

2019-07-02 00:48 | Report Abuse

Disclaimer: Before taking the information for granted and risk money you cannot afford to lose, please be informed that the following information shared in this post is just for education purpose.

----------------------- Topic starts here ----------------------------
Summary:
I'm still seeing potential upside to at least 0.27 in the short - mid term time frame. Can look for entry as long as 0.20 is not broken.

1) From the general point of view, we can see that market has been creating higher lows and highs since early January. This has thus formed an bullish channel. Apart from that, prior to each engulfing candle, there would be a surge of volume and some minor accumulation. Refer to the chart below for more info.
https://www.tradingview.com/x/bbm6FlVw/

2) Now that anticipation has been made for the above movement, we find the support and resistance of this counter. Based on my personal opinion, these are the multiple levels to take note on.
0.18 | 0.20 | 0.245 | 0.28

Despite 0.23 being an area of rejection, I do not think this is a strong area of rejection. Information is as shown in the below chart.
https://www.tradingview.com/x/qNQIXlk3/

3) With the above information, you can plan your trade like this.
https://www.tradingview.com/x/IcXp9hyt/

Now that the technical point of view has been shared, please DYODD on the fundamental part before risking your hard earned money.