This week I didn't look much into the market. I only opened position for this one stock, #Tencent.
#TENCENT after 4 times trying to break all time high failed, now flirting with the horizontal support level
#ADBE ð See how it falls to both the support horizontal line & EMA50 mommy support, then pulls back
#TENCENT ð Observe dotted line, touching previous highs. A significant price level that can either be a support or a resistance.
#SHOP ð Recently I am looking into ecommerce, and shopify obvious have been growing incredibly strong for the past two years. For those interested, can take a look on their FA, business model, and this chart here, showing a green candle holding above EMA50 support.
#MSFT ðŧ Similar to Tencent, see how the price stuck at previous highs as a resistance, for this case.
#TENCENT ð Observe dotted line, touching previous highs. A significant price level that can either be a support or a resistance.
#SHOP ð Recently I am looking into ecommerce, and shopify obvious have been growing incredibly strong for the past two years. For those interested, can take a look on their FA, business model, and this chart here, showing a green candle holding above EMA50 support.
#MSFT ðŧ Similar to Tencent, see how the price stuck at previous highs as a resistance, for this case.