CINF: might we see a counter rally?
A price action above 113.00 supports a bullish trend direction.
Increase long exposure for a break above 115.00 (just below its 23.6% Fibonacci retracement level).
The stop-loss is set at 111.00 (at its 50% retracement level).
The price action bounced from some almost oversold territory.
Remains above its 200-day simple moving average.
Remains a risky trade as the bounce can be truncated.
Increase long exposure for a break above 115.00 (just below its 23.6% Fibonacci retracement level).
The stop-loss is set at 111.00 (at its 50% retracement level).
The price action bounced from some almost oversold territory.
Remains above its 200-day simple moving average.
Remains a risky trade as the bounce can be truncated.
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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.
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.