Herfy foods (6002) day A cup and a handle with a target of 41.5 ,, a breakthrough was confirmed and a retest was made at 35 ✅.
6002 trade ideas
📈 **Technical Analysis of Herfy Shares** 📊
📈 **Technical Analysis of Herfy Shares** 📊
🔍 **Overview:**
Herfy shares have shown a recent trend towards a potential bullish run, as observed on the daily timeframe.
📉 **Previous Trends:**
Historical data indicates a consistent uptrend, showcasing the gradual accumulation of shares by investors.
🔄 **Momentum Indicators:**
Key momentum indicators like RSI and MACD point to an uptick in momentum, supporting the potential for a bullish run.
📈 **Bullish Run Confirmation:**
The convergence of positive indicators strongly suggests the initiation of a bullish market sentiment, making this an opportune time to consider entering the market.
🎯 **Trade Plan:**
Based on this analysis, considering an entry with 1023 shares seems reasonable. However, prudent risk management is vital.
⚖️ **Risk Management (Stop Loss):**
Implement a stop loss strategy at a strategically calculated point to protect your investment and manage risks effectively.
🛡️ **Stop Loss Strategy:**
Place a stop loss at a level where it's statistically likely that the current analysis is incorrect, and the trade should be exited to limit potential losses.
Always remember to conduct your own due diligence, assess your risk tolerance, and consider seeking advice from a financial advisor before making any investment decisions. 🚀
6002 Herfy at Strong Support LevelsDetails are on the chart
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Harfy longHerfy is a Saudi Arabian multinational fast food restaurant chain in Saudi Arabia and one of the largest in the Middle East, surpassing international chains in terms of presence. It has a total of more than 380 restaurants and 5,000 employees throughout Saudi Arabia.
