Indicator Signal
- RSI Buy
- MACD Sell
- MA(200) Neutral
- Fractals Neutral
- Parabolic SAR Buy
- Bollinger Bands Neutral
Chart Analysis
On the daily timeframe, OATS: D1 could not break down the support line for the medium-term neutral trend. Now it’s trying to reach to its upper limit. A number of technical analysis indicators formed signals for a further increase. We do not exclude bullish movement if the OATS rises above its last maximum: 279.5. This level can be used as an entry point. The initial stop loss can be placed below the Parabolic signal and the minimum since September 2018: 254.5. After opening the pending order, we move the stop loss tracking the signals of Bollinger and Parabolic to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (254.5) without activating the order (279.5), it is recommended to delete the order: market sustains internal changes that weren’t taken into account.
Fundamental Analysis
The popularity of oat milk is increasing in the world. This trend is noted by its manufacturers: Hälsa Foods, Oatley and others. Will OATS quotes grow?
#C-OATS Price Forecast | The popularity of oat milk is increasing in the world | IFCM