Bullish engulfing candle at support
By:TradingView
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VITL started accumulating in a narrow range, near a very strong support zone. Yesterday's candle is bullish engulfing candle with above average volume. RSI is rising, clear bullish divergence can be seen. Price just crossed daily EMA20. I think it is safe to take a long trade as long as it doesn't fall below 11.8 (SL 11.7). I will consider the gap at 21-24 area as target with some partial book at intermediate levels marked.
I'll revaluate once if it hits the final target. It might push further afterwards.
I'll revaluate once if it hits the final target. It might push further afterwards.
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