If there were a meaningful, detailed analysis of this idea, it would be entered here. Targets as indicated. Stops double close below the 200.
Note
First target was reached with a thrust to the annual pivot. Consolidating now and oversold daily around the 50 ema. Still valid for the second target if it holds the 200 sma (i.e. lower channel line). Uncertainty candles the last two days. Risk reward is about 2 and 8. Confluence of support lines just below as shown. YMMV Note
Partial on half. trailing stop at 34.50.
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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.