Our stock is trading on 50 and 200 period moving averages. (Timeframe : 1H)
Our first target level could be the level where the gap closes.
Stop - Loss can be placed around the 200 period moving average. Summary in light of this brief information:
Edit : Sorry, I couldn't pull down the end of the trend line, so it was a slightly crooked trend line, but it doesn't ruin the main idea.
Regards.
Our first target level could be the level where the gap closes.
Stop - Loss can be placed around the 200 period moving average. Summary in light of this brief information:
- Risk/Reward Ratio : 2.51
- Stop-Loss : 15.95
- Take Profit Level : 11.745
Edit : Sorry, I couldn't pull down the end of the trend line, so it was a slightly crooked trend line, but it doesn't ruin the main idea.
Regards.
Trade active
UPDATE : Take Profit Level : 15.95
Stop-Loss : 11.745
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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.