ISMA formed W chart pattern - Target 13.9530-min, the stock formed W chart pattern, which targets 13.95
Note, the blue (resistance) line, turned into a support level after crossing up. So, consider a stop loss below it.
ISMA
ISMA to target 16.9 after crossing the blue line :)On the daily chart, ISMA stock is trading between the blue and red lines, trying to cross either.
The technical indicator RSI showing the higher possibility to go up, then the target will be 16.9, then 18.5
Stop loss should be considered.
MY trade idea for ISMA stockStock ISMA is showing a strong reversal pattern and can be traded as shown.
my idea is to enter at the break of the pattern "which it did on 22th of April" and my stop is below 5.5.
The initial target is at 7.2 (around 22% price move) and then exit and wait for the next pullback.
