Is EBS a buy as it hits a critical support level?
Updated
EBS is currently hitting a critical support level around the 25 levels, which has been tested multiple times as key support and resistance level since 2009.
I am planning on buying at this current level, with a very high-profit target and a tight 5% stop loss below the support level. The ATH is over 400% above the current price, so there's a lot of upside potential in this trade, but it will need to be managed carefully since the market is in a downtrend right now.
I am planning on buying at this current level, with a very high-profit target and a tight 5% stop loss below the support level. The ATH is over 400% above the current price, so there's a lot of upside potential in this trade, but it will need to be managed carefully since the market is in a downtrend right now.
Trade closed: stop reached
This trade didn't have the support I thought it would and fell to my stop loss quickly.
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