SUNTV - Nearing MULTI-YEAR HIGHS

The stock has been in an upward channel .

And now it's re-attempting to push higher than earlier high of 774 and move towards levels which it achieved before 2008, that is above 800.

Buying interest has been good.
But be careful, the stock has already moved a lot on the upside, and might not immediately cross the earlier level; but when it does, a big breakout is more probable.

Keep it in your watchlist for upcoming days and trade according to strategy.

ความคิดเห็น:

Good buying opportunity now. Channel support.
Exit on break of trendline.
Target , ride the trend.

ความคิดเห็น:

Open just below trendline. Stock weak if it does not re-enter the channel immediately.

It's also head and shoulders break diagonally. Shorts can be taken below today's opening bar low with min stop loss.

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน:

Entry happened at - 744.5
SL Hit - 749

Now will look for long opportunities inside the channel.

ความคิดเห็น:

Learned to never short a channel break. Mostly, it doesn't have a good follow through. Prices come back up again validating the channel's importance.

ความคิดเห็น:

Broke into the channel, surpassed the blue line.
And still going up !