PRIVA- Technical Buy
Reason:
1) Broke out from long term down trend line , followed up with increase in trading volume
2) The first batch of trapped retailers cost are absorbed by the banker , as indicated by the first yellow circle.
3)
Monitor for further breakout from 0.095 , paired with increased volume ,
could further drive the price up to the next few TPs.
EP: 0.08 CL:0.075
TP1: 0.095 TP2:0.12 TP3:0.15
Just
a simple analysis without all those indicators and osciallators, my
style is all about volume and price action , simple , yet effective.
Feel free to comment below and have a nice trading day !
https://klse.i3investor.com/blogs/technical_hunt/2020-06-25-story-h1509594309-PRIVA_Technical_Outlook.jsp
