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STC Trending Higher For China Natural Res (CHNR)



  • Source: Valliant News - - Read: 0

    Summary:

     

    China Natural Res (CHNR) are being monitored this week as the Schaff Trend Cycle levels have shown a consistent uptrend over the course of the past 5 trading sessions.  If the levels breach the key 70 level, a market reversal will be likely, according to this signal.

    The Schaff indicator, created by Doug Schaff in 2008, behaves in a way like an oscillator, identifying overbought and oversold conditions in the market. These scenarios are then used to trade price reversals. A modification of the simple overbought or oversold trade setup is the addition of the 100-period exponential moving average, which is used by institutional traders as a very powerful support-resistance tool. The Stochastics oscillator is used to add confirmation to the trade entry.

    Oversold values are 0 to 20 and i ...

     

     

    Read Full News: https://valliantnews.com/2019/08/16/stc-trending-higher-for-china-natural-res-chnr/


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