BREAKOUT - PULLBACK - CONTINUATION - CAN BE GOOD REVERSAL TRADE!
The stock gave an ascending triangle breakout and after the initial impulsive move, has corrected.
It retested the initial breakout level of 86.5. The corrective wave retraced 61.8% of the impulsive wave which is a great retracement.
The RSI has also cooled off.
The stock looks good buy above 91.2 level, carry on day closing basis for positional targets 92.25, 94 and 97.
Since this is a reversal trade, intraday is not recommended.
Put SL day closing below 86.5 and trail.
Learn & Earn,
Dr. Tanya Kumar
It retested the initial breakout level of 86.5. The corrective wave retraced 61.8% of the impulsive wave which is a great retracement.
The RSI has also cooled off.
The stock looks good buy above 91.2 level, carry on day closing basis for positional targets 92.25, 94 and 97.
Since this is a reversal trade, intraday is not recommended.
Put SL day closing below 86.5 and trail.
Learn & Earn,
Dr. Tanya Kumar
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。