Situation as of 30 July 2023
- Price action is around 3 MA lines - MA5/MA20/MA50 ==> very easy for bulls or bears to push through taking 3 MA lines at one go!
- 108/109 has been a constant support past weeks! ==> Break below would mean quite some liquidity to push the sell down
- Options statistics show a variation of 7% to 8% range play this week ==> Interestingly, it coincides with levels of 105 and 100!!
- Bull flag fib retracement shows we are hoverin...

I dont use charts i dont like and i hate it , unless it go reverse direction from my prediction then i will try to read charts a little to sustain my thoughts. i dont really like vwap but i like moving average 50-200
normally my method is watch the stock for a week a month or even few months just to memorise their movement strong support and strong resistance !
So like i said dont trade anything u dont know about it , always do ur own dd...

Many technical investors believe the saying “buy on breakout”, but in some cases, the stock price may briefly break past the resistance level but then quickly return to it, forcing investors to cut losses.
So, how to distinguish Fakeout and Breakout? Today Cici will take a classic bullish pattern - double bottom as an example and share a practical tip:
1. Breakout: The price barely breaks a pattern and continues with huge momentum, without touchi...