ASX: CAR breaking out to target 50%fib
Updated
ASX: CAR
The share bounced off Weekly Support.
In H2 Chart, we see a nice breakout at 38.2 fib.
We may look tomorrow for any lower price entry to increase the R:R.
So far stop loss would be at 6 percent and TP (at 50% fib) would be 7%.
Partial Profit close is also an option to target more profit at 61.8 Fib.
The share bounced off Weekly Support.
In H2 Chart, we see a nice breakout at 38.2 fib.
We may look tomorrow for any lower price entry to increase the R:R.
So far stop loss would be at 6 percent and TP (at 50% fib) would be 7%.
Partial Profit close is also an option to target more profit at 61.8 Fib.
Trade closed: target reached
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