ASX: CAR breaking out to target 50%fib
ASX: CAR
The share bounced off Weekly Support.
In H2 Chart, we see a nice breakout at 38.2 fib.
We may look tomorrow for any lower price entry to increase the R:R.
So far stop loss would be at 6 percent and TP (at 50% fib) would be 7%.
Partial Profit close is also an option to target more profit at 61.8 Fib.
The share bounced off Weekly Support.
In H2 Chart, we see a nice breakout at 38.2 fib.
We may look tomorrow for any lower price entry to increase the R:R.
So far stop loss would be at 6 percent and TP (at 50% fib) would be 7%.
Partial Profit close is also an option to target more profit at 61.8 Fib.
Trade closed: target reached
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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.