This stock is slow for sure, i have been stalking this stock for a while i was looking for a buy signal and to break the trend line, this is a good example of support becomes resistance and vice versa. I have made a pin bar right at the support area which was a resistance area earlier. Why we taking this trade? Because there is a momentum shift in this stock in was up trend thn it retraced downwards and its now taking support at the structure which was a resistance zone earlier. Its a high probability trade !
Entry 0.435 to 0.437 will be best
Stop Loss 0.425
Target 0.457
Second Target 0.479
Hit Like & Follow
Entry 0.435 to 0.437 will be best
Stop Loss 0.425
Target 0.457
Second Target 0.479
Hit Like & Follow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.