GINNIFILA: Price Action with powerful Indicators for strong returnsDec 28, 2021
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Using indicators along with price action techniques gives better confirmation and increases the accuracy of the analysis. We have shown here how we have analysed GINNIFILA stock using price action and indicators.
We published the following research on GINNIFILA pre market on 17th December 2021 in "The Financial Waves Short Term Update” which our subscribers receive Pre-market every day report.
GINNIFILA Hourly chart as on 17 December 2021 (Anticipated)
GINNIFILA Hourly chart as on 28 December 2021 (Happened)
Waves Analysis as we published on 17 December 2021:
As shown on the hourly chart, 20 periods Exponential Moving Average is acting as a brilliant support line and it has provided support at regular intervals. This suggest that one should be in the direction of the ongoing trend as far as this line is protected. Closest support is placed at 38 levels.
In short, trend for this stock is positive. Use dips towards 42-41 as buying opportunity for a move towards 46-47 levels as long as 38 holds on the downside
Happened: After the report was published, the price took the retest from its previous support level and continued to move higher. The Ichimoku cloud was also supporting the price. Within the short time, the stock has given more than 18% return and achieved our target of 47 levels.
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