After getting to a resistance turned support within the discount level, bullish engulfing candlestick was formed on OMATEK stock. This is a signal that price is ready to go higher.
To take advantage of the long opportunity, you can buy at the current market price. The stop can be at N1.13 (-16.30%) while the targets are N1.89 (40%) and N2.26 (67.41%).
Confluences for the long idea:
1. Key level (resistance turned support)
2. Bullish engulfing candlestick
3. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
To take advantage of the long opportunity, you can buy at the current market price. The stop can be at N1.13 (-16.30%) while the targets are N1.89 (40%) and N2.26 (67.41%).
Confluences for the long idea:
1. Key level (resistance turned support)
2. Bullish engulfing candlestick
3. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
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.
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.