Another nice play with good R:R, Bolu Cimento (Boluc)Either for long investement or just swing/day trade. Bolu Cimento looks like it found its bounce zone.
RSI: Higher lows, while price made Lower lows which is hidden bullish divergence.
Price: dropped around 50 % and made Lower lows, but RSI is rising.
Fib: Price dipped a bit bellow ,618 and went back to the zone. Fib is at 3.59.
SMA: 20-50 bullish cross will happen, which will give it a boost.
Stop loss is set a bit below lower than previous low. A bit lower to avoid stop hunt.
Profit taking is where the purple arrow lands, but keep an eye on 200 SMA. That would be short term profit taking zone.
For longer investment:
This share dividend yield: 14,9 %.
