The stock broke the 4 mths correction zone on 02 Nov, probably with Chinese Gov policy support.
It retraced to $20.15 at the Fibonacci 0.5 level and expect an AB = CD pattern.
Entry Point: $ 22.50
SL 1: $ 20.6 ( MAX 8% SL)
TP 1 : $26.30 (Profit: 17%; RRR- 1:2)
TP 2 : $28.85 (Profit: 28.22%; RRR- 1: 3)
It retraced to $20.15 at the Fibonacci 0.5 level and expect an AB = CD pattern.
Entry Point: $ 22.50
SL 1: $ 20.6 ( MAX 8% SL)
TP 1 : $26.30 (Profit: 17%; RRR- 1:2)
TP 2 : $28.85 (Profit: 28.22%; RRR- 1: 3)
Trade active
In Position now at $ 22.50Note
Broke the previous high now at 24.50Note
TP1 reached.Trade closed: target reached
TP2 reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.