Log In    |    Join for FREE
Unlock Full Access
DaytradingBias on Facebook DaytradingBias on Google+ Follow DaytradingBias on Twitter

WTF Chart of the Day: Ninja Breakout Above Weekly Resistance

By Lawrence  

As I mentioned last time, Ninja is bullish for a run higher.

Here is an update to the setup.

image

Green arrow marks the perfect retest of the quarterly STOPD level from 1st quarter high. This happens often when previous test was a false breakout.

As of today price has traded above red down trend line triggering a weekly level breakout to the upside.

Light green line is a copy of the green line projection to realign the projected time window to get to the target.

Light green target zone is the projected price target for this move.

Red zone should not be challenged again if this move higher is for real.



  • You must be logged in to comment. Log in
Upload comment image [ngg_uploader id = 1]

As Featured In


Connect With Us

DaytradingBias on Facebook
Follow DaytradingBias on Twitter
DaytradingBias on Google+

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Please read full disclaimer here.

Terms & Conditions     Privacy Policy     Disclaimer     © Lawrence Chan / Prillach Financial Technologies Ltd. All Rights Reserved.