Looks like a good stock to buy because of strong support at around 103.30.
Reasons to buy:
1. double bottom
2. strong RSI increase
3. 0.50 fibonacci retracement matches double bottom
4. volume spikes near double bottom area meaning that people are buying
EXIT: Conservative approach: When price hits trend channel
Risky approach: exit at multiple top ~ 109.00 area
STOP LOSS: 100.00
Reasons to buy:
1. double bottom
2. strong RSI increase
3. 0.50 fibonacci retracement matches double bottom
4. volume spikes near double bottom area meaning that people are buying
EXIT: Conservative approach: When price hits trend channel
Risky approach: exit at multiple top ~ 109.00 area
STOP LOSS: 100.00
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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.
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.