Position trade with 30%+ upside potential
With OBV nearing ATH, a decent earnings report and a breakout from a descending triangle, EXAE seems like the perfect candidate for an easy 30% profit. Entry at €4.45 and price target at €5.90. Based on market conditions when stock price will reach our take profit target, we will reconsider whether closing the position (or part of it) is the best choice or if letting it run is the better strategy. With resistance at €5.8, support at €4.29 and a breakout at €4.45, the target is set at €5.90+. When conducting an analysis with Fibonacci levels, €5.20 and €5.80 are considered as the next resistance levels (or price targets).
Trade ativo
The trade unfolds pretty well up to now. Target of €5.90 is still on the picture and risk is pretty low. Overall the risk-reward ratio of this trade is great. The stock is up nearly 12.3% since the entry. If €5 mark is breached then the stock will rise even more. It has been breached intraday many times the last couple of days but not in terms of closing price.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.