YM: technical analysis
28 May 2018, 13:38
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL |
| Entry Point | 24760.0 |
| Take Profit | 24595.5 |
| Stop Loss | 24877.6 |
| Key Levels | 23537.6, 24307.7, 24595.5, 24791.0, 24916.8, 25080.9 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 24959.9 |
| Take Profit | 25080.9 |
| Stop Loss | 24844.7 |
| Key Levels | 23537.6, 24307.7, 24595.5, 24791.0, 24916.8, 25080.9 |
YM, D1
On the daily chart, the instrument is mowing within the sideways channel formed by the upper border and the midline of Bollinger bands. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic in the neutral zone and is directed downwards.
YM, H4
On the 4-hour chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram is in the area of the zero line, its volumes are minimal, the signal line moves horizontally along the zero line. Stochastic in the neutral zone, the signal line is directed upwards.
Key Levels
Resistance levels: 24791.0, 24916.8, 25080.9.
Support levels: 24595.5, 24307.7, 23537.6.
Trading tips
Short positions can be opened from the current level with the target at 24595.5 and stop loss 24877.6.
Long positions can be opened from the level 24959.9 with the target at 25080.9. Stop loss is 24844.7.
Implementation period: 3–5 days.
On the daily chart, the instrument is mowing within the sideways channel formed by the upper border and the midline of Bollinger bands. MACD histogram is in the positive area, keeping the signal to open long positions. Stochastic in the neutral zone and is directed downwards.
YM, H4
On the 4-hour chart, the instrument was corrected to the midline of Bollinger bands. MACD histogram is in the area of the zero line, its volumes are minimal, the signal line moves horizontally along the zero line. Stochastic in the neutral zone, the signal line is directed upwards.
Key Levels
Resistance levels: 24791.0, 24916.8, 25080.9.
Support levels: 24595.5, 24307.7, 23537.6.
Trading tips
Short positions can be opened from the current level with the target at 24595.5 and stop loss 24877.6.
Long positions can be opened from the level 24959.9 with the target at 25080.9. Stop loss is 24844.7.
Implementation period: 3–5 days.
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