Long
Buy opportunity: Zayo (channel up and oversold)
NYSE:ZAYO reached the trend line of a parallel channel. As a result RSI and Stochastic RSI are in the oversold zone, and MACD will give buy signal soon.
Entry strategy: wait for bullish candle which cross above the 35 price level. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.
TP: 37 (+5.7%)
SL: 33.75 (-3.5%)
Entry strategy: wait for bullish candle which cross above the 35 price level. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.
TP: 37 (+5.7%)
SL: 33.75 (-3.5%)
Note
Still waiting for a bullish candle which can cross the entry level.Trade active
Price moved above entry level.Note
Let's hope that a nice double bottom is about to form on the daily chart.Trade closed: stop reached
SL level reached.
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If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE!
Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
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.