COLPAL Daily Chart analysis by 3 Parameter Strategy

Trade Setup:
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.

All 3 Parameters of the strategy are matched.

• The bollinger bands are squeezed as compared to the previous structure.

• The signal candle gives a breakout of the upper band of the signal candle.

• Rsi is above 60.

• Bullish crossover on Macd.

Conclusion:
Bullish