RT BRISCOE PLC LONG IDEART BRISCOE PLC stock, after reaching its all time high, dropped to discount level. Currently, it has broken out of down trend line with a strong weekly bullish candle closing above a the down trend line and resistance level. The awesome oscillator is also in the oversold region with a bullish signal. An aggressive trader or investor can buy at the current price while a conservative trader or investor may wait for a drop to around 2.20 and 2.30 to place a buy. While you can also so spread your risk by buying at the current market price and add more positions when price drop towards the resistance turned support.
The entry is at the current market price or buy at 2.20 while the stop can be at 1.73 and the target can be around 2.90 and 4.30.
Confluences for the long signal:
1. Price is in discount level
2. Price broke out of a down trend line and resistance level with a strong bullish candle.
3. Awesome oscillator is in oversold region and showing bullish signal.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
