SUNUASSUR LONG IDEASUNUASSUR stock just broke out of a down trendline with a bullish engulfing candlestick confirmation. This happened at a support level in confluence with a trendline. In addition, awesome oscillator shows that the stock is in oversold region, having the potential to go higher.
To take advantage of this long signal, you can buy at the current market price. The stop can be at N4.05 (-19%) while the targets are N6.90 (38%) and N11.65 (133%).
Confluences for the long idea:
1. Bullish engulfing candlestick confirmation
2. Trendline breakout
3. Support level
4. The stock is oversold (Awesome oscillator)
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
