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SMARTSHEET DRNSMARTSHEET DRNSMARTSHEET DRN

SMARTSHEET DRN

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S2MA34 trade ideas

US Stock: Long SMAR when It Retraces Back to Demand ZoneReasons: 1. Prior consolidation before strong up move, shows hidden buying activities at this region – buyers will be likely to defend their positions at this level 2. Many lower wicks can be seen on the candlesticks before up move initiated – minor price action factor but shows buyers coming in to support the price 3. Prior support turned resistance level near EP – rejection candle highlighted in yellow broken Our Trade Setup will be: EP: 28.44 SL: 26.40 TP: TBD Best Regards, Nour Capital - Tracking Smart Money Flow Disclaimer: The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
NYSE:SMARLong
by Nour_Capital