Since the bigger correction and then nice recovery from 94 with "buy recommendation" from Morgan Stanley, Tupras shares went up.
RSI and MACD showing, that momentum is lost and price is in between the channel/triangle. There are few still a space both on RSI and price to move up, which means that it can go all the way up to around 140 which is the top sport of the channel/triangle.
I think 140 is the top and a correction will occur. Fibonacci support is at 111 which can be a good spot to buy.
RSI and MACD showing, that momentum is lost and price is in between the channel/triangle. There are few still a space both on RSI and price to move up, which means that it can go all the way up to around 140 which is the top sport of the channel/triangle.
I think 140 is the top and a correction will occur. Fibonacci support is at 111 which can be a good spot to buy.
Trade active
1st target in red box level is hit.Note
Losing its momentum
Trade closed: target reached
2nd target reached. Almost perfect trade (missing the green box with 1%). Enjoy the profits and save.
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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.