EICHERMOTO : Waiting for a buy signal on key support around – 17000
The stock has been moving in a strong uptrend since 2001 & currently trading on a key flip support level around 17000. We're waiting for price to create a bullish price action buy signal on this support to join the bullish strength.Though we can see a PIN BAR buy signal on support area, but we still need some confirmation of price action as per our strategy to open a long position on this stock here. Overall, TREND is neat & clean with higher-high & higher-lows AND we expect price to move much higher in coming days till price contains above 12000.
SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me realtime using higher & lower timeframe charts.
PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone.
Below chart is on monthly timeframe showing you the last 15 years of bullish RUN-UP >>>