Vulcan Materials Company (Holding Company)Viés de alta
VMC pullback into support level offers long entry into uptrend
1) MACD is at a level which corresponds with 2 previous lows made (marked by the horizontal blue lines)
2) Uptrending trendline support is validated with 4 points having respected it.
3) Horizontal structure support also has the potential to be validated here (the previous higher high).
4) Series of higher highs and higher lows means VMC should only be traded with a long bias.
5) The volume of the pullback has largely been below the 20 day moving average and therefore should be faded
As always DYOR
2) Uptrending trendline support is validated with 4 points having respected it.
3) Horizontal structure support also has the potential to be validated here (the previous higher high).
4) Series of higher highs and higher lows means VMC should only be traded with a long bias.
5) The volume of the pullback has largely been below the 20 day moving average and therefore should be faded
As always DYOR
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.