WAVESAPP trade ideas
Wavesapp is flying to 19 level.Wavesapp dropped and near to its support of 9.46. Fresh entry is possible if it dropped to 9.46 and bounce back or it crosses above 11.46 level. TP 1 is 12.87 TP 2 is 14.25 TP 3
is 16 and TP 4 is 18.8. Stop loss 9.46 and 6.9
Note: This is not a buy/sell call. Trade at your own will.
WAVESAPP - PSX - Daily TF - Buy Trade CallPrice has seen a quite long accumulation phase. Price is still in Parallel channel.
But being a seasonal/cyclic SCRIPT, it is expected to give sharp up trend in Nov~Jan time period.
Fib retracement has been used to identify the key areas of TPs.
Buy Trade Call
Buy: 8.40
SL: 7.23
TP1: 10.08
TP2: 12.83
TP3: 15.38
TP4: 18.00
WAVESAPP is BullishSince its listing the bears seem to be in complete control of the price action, however matured bullish divergence on daily time frame has signaled that bulls are trying to assume control, and if they manage to break previous lower high then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
WAVESAPP๐ Stock Alert: WAVESAPP
๐ Investment View: Technically Bullish ๐
๐ Quick Info:
๐ Buying Range : 10-9
๐ฏ First Target : 11.10
๐ฏ Second Target : 12.50
๐ฏ Third Target : 14
โ Stop Loss: 8.50
โณ Nature of Trade: Mid Term
๐ Risk Level: Medium
โช Shariah Compliant: YES
๐ฐ Dividend Paying: NO
๐ฐ Market Analysis:
Current Situation: The price action is currently testing its support level around 10.
Recent Volume: A high volume of 37 million shares has been observed in the stock over recent days.
Expected Movement: A possible pullback is anticipated from the current zone of 10-9, with a suggested stop loss at 8.50.
Upside Targets: Potential upside targets include 11.10, 12.50, and 14.