'Calling' on bids!
I definitely like how the bulls defended that 4.72-78 zone for the past 2 weeks. It tells me they are preparing to take this stock up. The favourable earnings results could be the catalyst. I will get in at the break of 5 and target 6 with sl at 4.55 for a 1:2.2 risk to reward ratio. Caution should be taken at the 5.5 zone where the trade could end prematurely, so at that zone any sign of retardation I will exit.
Risk management crucial!
Risk management crucial!
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.