ARMANFIN : 2 Best Indicators You Cannot Miss!Apr 25, 2022
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It is possible to capture massive moves in stocks using price patterns along with simple indicators like the ADX (Average Directional Index).
We used these 2 indicators on ARMANFIN and were able to capture a 14.86% move in a short span. You can also use these to identify stocks with momentum for short-term trades.
We published ARMANFIN analysis in "The Financial Waves Short Term Update" on 11th April 2022 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.
ARMANFIN Daily chart as on 11th April 2022: (Anticipated)
ARMANFIN Daily chart as on 25th April 2022: (Happened)
Waves Analysis as we published on 11th April 2022:
On the daily chart, in the previous session prices formed a bullish candle. The stock has formed a classical inverted head and shoulders which indicate a bearish-to-bullish trend reversal and also suggests an accumulation pattern. Price has closed above 1005 level which confirms a breach of the neckline of the pattern and suggests that it may move higher towards 1280-1300 levels. 20-day period Exponential Moving Average is acting as a brilliant support line and it has provided support at regular intervals.
In short, trend for this stock is positive. Use dips towards 1090-1100 as buying opportunity for a move towards 1280-1300 levels as long as 1050 holds on the downside.
Happened: After we published the report, the stock made a dip exactly towards 1110 levels which we mentioned earlier. Within the short span of time, the stock has given more than 14% return in such volatile market and almost achieved our target by making the all-time high of 1275 levels.
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