Stellantis N.V.Long
"STLA" (Stellantis) Buy Opportunity at Strong Support
Updated
Ticker: STLA (Stellantis)
Long Entry: Near current support level
Target: All-Time High (ATH), could be splitted
Stop-Loss: Just below current LOW
Risk-Reward Ratio: ~1:24
Analysis:
Stellantis (STLA) has pulled back to a strong historical support level, aligning with an old bullish trendline that has served as a base for previous upward movements. This confluence of technical factors indicates a solid area for potential long entries with limited downside.
The current setup offers an exceptional risk-to-reward ratio of approximately 1:24, as we're positioned near support with a clear path to the last higher high at the ATH level. As long as support holds, a move towards ATH is likely, fueled by a reactivation of the prior bullish momentum.
Key Notes:
Risk management is crucial: The close stop-loss limits downside exposure, and the target offers substantial reward potential.
Confirmation on support strength would reinforce the setup, adding confidence to the upside.
Disclaimer: This is not financial advice. Please do your own research or consult a financial advisor before making any trading decisions.
STLA (Stellantis)Long Entry: Near current support level
Target: All-Time High (ATH), could be splitted
Stop-Loss: Just below current LOW
Risk-Reward Ratio: ~1:24
Analysis:
Stellantis (STLA) has pulled back to a strong historical support level, aligning with an old bullish trendline that has served as a base for previous upward movements. This confluence of technical factors indicates a solid area for potential long entries with limited downside.
The current setup offers an exceptional risk-to-reward ratio of approximately 1:24, as we're positioned near support with a clear path to the last higher high at the ATH level. As long as support holds, a move towards ATH is likely, fueled by a reactivation of the prior bullish momentum.
Key Notes:
Risk management is crucial: The close stop-loss limits downside exposure, and the target offers substantial reward potential.
Confirmation on support strength would reinforce the setup, adding confidence to the upside.
Disclaimer: This is not financial advice. Please do your own research or consult a financial advisor before making any trading decisions.
Trade active
I forgot to mention, volume has also increased, signaling renewed buying interest and adding strength to the bullish setup.Trade closed: stop reached
Yesterday, the stop-loss was triggered with a 4.63% loss. Not a big issue—losses like this are part of the game and a normal aspect of a solid risk management strategy.Trade active
Today, after seeing a rebound, I decided to re-enter the position with the same size. The setup still looks promising, and I’m ready to see where this move takes us!Note
The stop loss was triggered on STLA. I’ll be watching closely over the next few weeks to see how things unfold.
Based on these ideas, I trade personally. 📊 +24.70% made in less than 5 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Disclaimer
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