Entry price was at a good level of $0.76. Waited patiently over the months to detect any sign of weaknesses that could cause the price to retrace back to its support level.
On 13/12/19 - the proprietary system triggered an expert alert "lack of demand", inorder to be sure
that the alert was correct, I had to analyze the chart carefully and decided to monitor the price action for the next few days till 17/12/19.
The price looked weak and decided to reap all the profits and wait at sideline unless there is clearer signal to re-enter this bandwidth to join the trend again..
As of todate, the price is weakening due to end of year and festive season, this is clearly shown on the reducing volume bars. Expect price to go lower until the next level of demand zone is strong enough to absorb all the sellings to stage an upturn.. till then, be happy with the harvest and move on scanning the next potential candidates... I have a few in mind and timing is important and buying usually occurs in a down bar...
All the best in 2020.. Happy Profitable Trading!
