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Posted On: 09/03/2018 11:12:10 AM
Post# of 4506
$IRC TRADING GUIDANCE FOR NEWBIES WHO NEED HAND-HOLDING WHILE LEARNING TO TRADE INDEPENDENTLY
STOCK CHARTS AND ANALYSIS - #IRC - IRC Properties, Inc.
Using TRT MAC (TRT Moving Average Crossovers)
As of August 31, 2018
POSITIVE
1. Golden Cross of the 15 EMA & 20 SMA giving BUY signal.
2. Price action above all our Standard Moving Averages indicate Stock is Bullish Short-term, Medium-term and Long-term.
NEGATIVE:
1. Potential Double Top or Head and Shoulders Pattern.
NEUTRAL
1. 50% Buy and Sell Volume in our Indexed Volume Indicator indicate neutral pressure from both sides.
If you intend to take this trade Critical points to watch are:
1.82 Resistance. A breakout from this Resistance could drive the stock to 2.14 (127.2% Fibo Extension) Otherwise, it could transition into a Double Top or Head and Shoulders Pattern with Neckline at 1.38 and a Pattern Target of 0.95
1.55 Support. This was a strong Resistance tested several times and has turned to a strong Support. A breakdown from this Support level could trigger a selloff and lead to the Head and Shoulders Pattern.
STOCK CHARTS AND ANALYSIS - #IRC - IRC Properties, Inc.
Using TRT MAC (TRT Moving Average Crossovers)
As of August 31, 2018
POSITIVE
1. Golden Cross of the 15 EMA & 20 SMA giving BUY signal.
2. Price action above all our Standard Moving Averages indicate Stock is Bullish Short-term, Medium-term and Long-term.
NEGATIVE:
1. Potential Double Top or Head and Shoulders Pattern.
NEUTRAL
1. 50% Buy and Sell Volume in our Indexed Volume Indicator indicate neutral pressure from both sides.
If you intend to take this trade Critical points to watch are:
1.82 Resistance. A breakout from this Resistance could drive the stock to 2.14 (127.2% Fibo Extension) Otherwise, it could transition into a Double Top or Head and Shoulders Pattern with Neckline at 1.38 and a Pattern Target of 0.95
1.55 Support. This was a strong Resistance tested several times and has turned to a strong Support. A breakdown from this Support level could trigger a selloff and lead to the Head and Shoulders Pattern.
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