TUGS on a rebound from its immediate support area around 3.16 ~ 3.24.
- Immediate trend along the recent uptrend price channel has been broken already.
- With the recent rebound from MA50 around the support area, monitor for a new trend to develop.
*Still be cautious of pullback (back to recent breakdown area) followed by breakdown continuation..
Trading Plan
- Can initiate a new trend trading position using MA50 as trend following indicator.
- Stop-loss/Trailing-stop on a few points breakdown from MA50
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