Anchored VWAP Analysis self explanatory in Chart. Additional Pointers:
- Range Breakout in place - Breakout accompanied with Expanding volume signaling the Range was an Accumulation Zone - Stock is also above 5 day EMA , 20 day EMA, 50 day EMA, 65 day EMA (ALL are Sloping upwards and above each other respectively) - ADX is above 25 on daily chart (trending)
Concern: -200 day EMA is Sloping down but stock price is above it - 100 day EMA is above 50 & 65 day EMA but sloping up
Key Target Levels: 1) 370-75 2) 385 3) 399
Komentar
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correction: It is 200 day MA & not 200 day EMA which I was referring to
Talking about the 200 day EMA: - the stock price is below it and facing stiff resistance at it since the range was created - 200 day EMA is also downward sloping
Currently not able to use VWAP in Tradingview chart, please help.
Thank you.