Updated
Looking for EURN buying opportunity. Potential target EUR 13.50.
https://www.tradingview.com/x/kzGjoxd2/
So why am i looking at EURN? Because fundamental analysts are giving a target of EUR 13.50. And furthermore a longer term downward trendline has been broken and is currently being retested.
If the retest is successful then the next resistance is around 13-14, lining up with what the fundamentals say.
Now let's zoom in.
Very simple, I want to see EURN back into the daily cloud and above the 50&200 MA on the daily chart.
If that happens and finds support, then it's a buy signal for me.
So why am i looking at EURN? Because fundamental analysts are giving a target of EUR 13.50. And furthermore a longer term downward trendline has been broken and is currently being retested.
If the retest is successful then the next resistance is around 13-14, lining up with what the fundamentals say.
Now let's zoom in.
Very simple, I want to see EURN back into the daily cloud and above the 50&200 MA on the daily chart.
If that happens and finds support, then it's a buy signal for me.
Note
Can't get the screenshot into the main story. So here it is, the weekly chart showing the trendline and the resistance.
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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.