RE: Friday’s trading - my view22 Mar 2025 09:37
Hi Perls, I bought in Friday… not all of them shares tho lol. The chart is showing a divergence in the chart, which is basically saying the technicals are trending up whilst the price down, almost like the price has been lying the last few weeks.
The MACD crossed positive on the weekly chart this week which is an indication also the price is about to go up .
Last weeks candle was an inverted hammer also a reversal. And the volume is indicating buying is now starting here. All these together is why I have bought here. I posted a chart on Twitter yesterday morning on this. I only buy technical set ups.. not really a fundamental at first it’s the chart and set ups for swings I look for. This looks good to me 😀
Here is the link to the chart I posted if anyone is on Twitter,
Cheers Shack
https://x.com/thetradingshack/status/1903023454762230144?s=46