Okay, first time posting an idea on here. ONT recently saw the 50 MA cross over the 200 MA(Golden Cross) and performed the characteristic drop. Having picked up the trade at the 38.2 on the Fibo tool where it intersected with the 10 MA yesterday I'm looking for this to run up to at least the 1.40 range with potential to reach 1.65.
As always, a reasonable stop loss was put in place, and now with price action in my favor, it's been moved up to break even for now. Let's see how it goes...
As always, a reasonable stop loss was put in place, and now with price action in my favor, it's been moved up to break even for now. Let's see how it goes...
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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.