Home > Uncategorized > Otto Marine breaking out of trendline

Otto Marine breaking out of trendline

Will be waiting till the end of day to confirm the closing of candle. Once confirmed, it will be a good time to enter on higher low! Shortist will also cover their short and thus adding to the buying power.

Yesterday a reversal signal (actually happening for several days already) and today break trendline with high volume.

Still my instinct calling me to be cautious and continue to place my stop loss at 34c (kernna once by asiatravel). If a higher low really formed will enter again. Once higher high appears trend will confirm.

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