- Fundamentally good stock. Jump in profits in most recent QR. Discounted cashflow (5%) fair value - 2.59.
- Nearing the end of the long term downtrend channel. Price already rejected an ST, possibly a Spring. Now showing signs of strength.
- Strong resistance at 1.60 - MA200, at previous support becoming resistance.
Trading plan:
EP: 1.26-1.28
SL: 1.23 (tight)
TP1: 1.60 (25% upside, 6.4 RRR)
- Nearing the end of the long term downtrend channel. Price already rejected an ST, possibly a Spring. Now showing signs of strength.
- Strong resistance at 1.60 - MA200, at previous support becoming resistance.
Trading plan:
EP: 1.26-1.28
SL: 1.23 (tight)
TP1: 1.60 (25% upside, 6.4 RRR)
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.
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.