1-hour chart
The stock, fell from 9.50 to 7.62, and rebounded to 8.60, then it is under minor correction in the bullish direction.
A new entry Buy will be after closing above 8.40 for 2 hours, the target will be 8.70 then 9.00
Also, buying in parts from 8.30 to 8.24 is OK with a higher risk and higher profit.
Consider a stop loss level below 8.23
The stock, fell from 9.50 to 7.62, and rebounded to 8.60, then it is under minor correction in the bullish direction.
A new entry Buy will be after closing above 8.40 for 2 hours, the target will be 8.70 then 9.00
Also, buying in parts from 8.30 to 8.24 is OK with a higher risk and higher profit.
Consider a stop loss level below 8.23
Trade closed: target reached
OK, and the stock is expected to start a new bullish wave on the daily time-frame.
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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.