"It looks like Cnergy is on the verge of a bullish reversal and may soon enter an upward trend. The RSI is showing bullish divergence 📈, and there's a bullish reversal pattern forming in the shape of a falling wedge. I recommend placing a buy stop order at 4.60, to be triggered upon the LH and neckline break. Alternatively, you can consider partial buying at current rates near the channel bottom, with confirmation at 4.60. 🚀 Set your stop-loss (SL) at 4.20 and target 5.10 and 5.60 respectively. This strategy blends technical analysis and risk management for a potentially profitable trade. Best of luck with your trading! 🍀🌟"
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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.