GUINEAINS LONG IDEA GUINEAINS stock presents a long opportunity based on trendline and support level. To take advantage of this opportunity, there's a need to wait for price to drop to the support level around N75 and N73. An aggressive approach is to enter a long position at that price while a conservative approach is to wait for a candlestick confirmation such as bullish engulfing or hammer. The last high around N1.23 (68.49%) can be the target while the stop can be around N0.57 (21.92%).
Confluences for the long idea:
1. Bullish trendline
2. Support level
3. Bullish market structure.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
