In today’s briefing:
- Crompton Greaves (CGPOWER IN) – Uptrend Maintains Potential To 400/410 (+20%) In H1 2023
- Xinjiang Goldwind Science & Technology (2208 HK) – 2021/2023 Downtrend – Target LT Trend – 6.92/6.94
Crompton Greaves (CGPOWER IN) – Uptrend Maintains Potential To 400/410 (+20%) In H1 2023
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- The 2020/2023 uptrend has delivered unbelievable gains. With the uptrend at historic new highs, it is difficult to identify targets and key resistance levels (using regular charts).
- Today we turn to the quarterly LOG chart and identify 400/410 as the next major resistance level and H1 2023 target (+20%).
Xinjiang Goldwind Science & Technology (2208 HK) – 2021/2023 Downtrend – Target LT Trend – 6.92/6.94
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- The 2021/2023 downtrend is accompanied by comprehensive LT momentum confirmation. The 2012/2023 uptrend support at 6.92/6.94 remains at risk of being retested in the coming 1-2 months,
- A monthly close below 6.92/6.94 would confirm a far more significant multi-month downtrend. For now we target 6.92/6.94 (-10%). The response to 6.92/6.94 is critical to the MT outlook.
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