GLOBUSSPR has found its Swing Low levels at 710, which has also formed as a good Support as of now.MACD levels are also moving upward steadily since the last few years indicating a good move upward.
If the market condition is stable for the next few weeks, we can see this stock moving up too.
Do not expect the stock to suddenly rally up as there is not much news about the stock in the recent months, so the Price movement could be pretty slow yet steady too.
Take this trade only based on your Risk Appetite and Risk Management.
Trade active
Note
Positive News: GOVT SAYS WILL ACHIEVE THE TARGET OF 20% ETHANOL BLENDING BY NEXT YEARTrade closed: target reached
Trade Completed. Target Achieved.Total 33% Profits booked.
Time Taken = 8 weeks.
Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.
Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.
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Kudos!!
Trade closed: target reached
Achieved 50% Profits.Trade closed: target reached
Achieved 59% from our Entry Zone. Congrats to those who still held on to this trade and booked even more higher profits.
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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.