TEL (Telenor), Norway's biggest telecom company about to make a push to new highs.
On the 1H TEL just breached the level I wanted to see a small retracement from and is now finding support on it. We could either see a push up from where price is right now, or we could retrace down to the initial supply zone I had in mind.
Either way, I've still got resting orders in the 160.5 zone.
4H:
On the 1H TEL just breached the level I wanted to see a small retracement from and is now finding support on it. We could either see a push up from where price is right now, or we could retrace down to the initial supply zone I had in mind.
Either way, I've still got resting orders in the 160.5 zone.
4H:
Trade closed: stop reached
Stopped out on this, Made a little bit of profit, but starting to look spooky for Telenor. Still valid to long if opportunity opens up.
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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.