CONFIPET breaking out of Monthly Trendline as well as surpassed its previous ATH of 95.4 today.
Obviously, the psychological level of 100 would act as a resistance. If it crossed 100lvl and holds on the daily, will enter with a STOP below 99 on daily close.
Initial Targets for me would be 110/115
To be clear, No entry as of now for me. I will take a position if we close above 100 on a daily basis with a Stop Loss of <100 on daily close
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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.