Last week from the 14th of October right up to the end of the week the stock seemed to be respecting the weekly Tenkan level which acted as support. We however saw a small breach of this level the last day of the week,though the average volume was somehow less. We can therefore conclude that the weekly Tenkan level is our area of focus. If on Monday the 21st we have a close above the 17942 area we take the long.
Entry: if we close above 17942 on Monday ( 2 positions)
SL: 17555
TP1: Daily SSB/Weekly Kijun 18738
TP2: Weekly SSB 19211
Risk Management is King
Entry: if we close above 17942 on Monday ( 2 positions)
SL: 17555
TP1: Daily SSB/Weekly Kijun 18738
TP2: Weekly SSB 19211
Risk Management is King
Trade active
We'r inTrade closed: stop reached
Stopped out. . .
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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.