Long
ASX:SUV - Primed for jump
I am yet to own any stocks in this company. I stumbled across it by chance and thought I would share what I found.
What we are looking at here is a solid uptrend, which then turned into a consolidation period.
After which, it tested its (0.210) resistance line twice. Before dropping back down to test its (0.125) support line again.
I am thinking this could be a good opportunity to buy in around (0.125) and sell at next peak (0.210).
If price falls a fair amount below (0.125) I wont be interested in the trade.
As always DYOR.
I hope this helps someone :)
What we are looking at here is a solid uptrend, which then turned into a consolidation period.
After which, it tested its (0.210) resistance line twice. Before dropping back down to test its (0.125) support line again.
I am thinking this could be a good opportunity to buy in around (0.125) and sell at next peak (0.210).
If price falls a fair amount below (0.125) I wont be interested in the trade.
As always DYOR.
I hope this helps someone :)
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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.