Ambev S.A.Long
ABEV 05-08-2021 Long
Asset and Time frame -ABEV,Daily and Weekly
Entry Price -3.21
Exit(Stop Loss) -3.09
Exit(Take Profit) -3.66
Technical Analysis -Price has been going in an uptrend channel for a very long time and reached the median line as a support line, also to back up the support, there's the daily 100 MA and the weekly 100 MA, so a lot of support for a short stop loss, this might be a decent trade if it pulls off, if your looking for a safer entry I would suggest waiting for the daily candle close to enter
Entry Price -3.21
Exit(Stop Loss) -3.09
Exit(Take Profit) -3.66
Technical Analysis -Price has been going in an uptrend channel for a very long time and reached the median line as a support line, also to back up the support, there's the daily 100 MA and the weekly 100 MA, so a lot of support for a short stop loss, this might be a decent trade if it pulls off, if your looking for a safer entry I would suggest waiting for the daily candle close to enter
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.