Long
Expecting boom after long consolidation of Tribune Media stocks
Usually after such channels, there is a great movement.
But we are not very greedy :)
Supporting signals:
1-gap
2-double bottom
Buy 40.00 breakout of top channels line
Stop loss 37.50 (the middle price of the channel)
Target 50.00 (sizing+strong resistance)
Risk\return ratio 1:4
But we are not very greedy :)
Supporting signals:
1-gap
2-double bottom
Buy 40.00 breakout of top channels line
Stop loss 37.50 (the middle price of the channel)
Target 50.00 (sizing+strong resistance)
Risk\return ratio 1:4
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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.
Related publications
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.