{SWC} EcoWorld International: Moving Averages with Candlesticks

Thank you for your continued support :)

Strategy: Moving Averages Formation (Swing Trade)

Bias: Bullish.
As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed above the previous day's high.

Stop-loss: 0.860

1st Target: 1.40

Gentle reminder: Plan your trade and trade your plan. Peace out!

Trade ativo:

The target should be RM1.14 :) Thank you for your continued support :)

Trade fechado: stop atingido:

28th Jan 2020 was a clear invalidation at the stop-loss, if the lower shadow of the previous day left any doubts.
Following that, 30th Jan 2020 saw a bearish breakout.

Stay safe everyone, don't overextend your risk level, 'til next time~