Buy opportunity: Zayo (channel up and oversold)
Updated
NYSE:ZAYO reached the trend line of a parallel channel. As a result RSI and Stochastic RSI are in the oversold zone, and MACD will give buy signal soon.
Entry strategy: wait for bullish candle which cross above the 35 price level. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.
TP: 37 (+5.7%)
SL: 33.75 (-3.5%)
Entry strategy: wait for bullish candle which cross above the 35 price level. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.
TP: 37 (+5.7%)
SL: 33.75 (-3.5%)
Note
Still waiting for a bullish candle which can cross the entry level.Trade active
Price moved above entry level.Note
Let's hope that a nice double bottom is about to form on the daily chart.Trade closed: stop reached
SL level reached.
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Thank you for your support and may the markets be with you!
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