Price is pulling back to close an open gap at R3325
RSi into oversold territory.
If buyers support the stock here i will look to trade a long position of this level.
Stop loss and Take profit on the chart.
Gaps are spaces on a chart that emerge when the price of the financial instrument significantly changes, with little or no trading in between. Gaps can occur unexpectedly as the perceived value of the investment changes, due to underlying fundamental or technical factors, such as an earnings disappointment. Gaps are classified as breakaway, exhaustion, common, or continuation.
RSi into oversold territory.
If buyers support the stock here i will look to trade a long position of this level.
Stop loss and Take profit on the chart.
Gaps are spaces on a chart that emerge when the price of the financial instrument significantly changes, with little or no trading in between. Gaps can occur unexpectedly as the perceived value of the investment changes, due to underlying fundamental or technical factors, such as an earnings disappointment. Gaps are classified as breakaway, exhaustion, common, or continuation.