Go Long above 113.8 for Targets of 138.05, 162.4, 186.45, and 210.9 with SL 89.55
Reasons to go Long :
1. Stock was in a downtrend from August 2017 - September 2020 and tried to take support at its support zone (marked with a green rectangle).
2. It also gave a trendline breakout with high volumes and this can be a sign of trend reversal.
Reasons to go Long :
1. Stock was in a downtrend from August 2017 - September 2020 and tried to take support at its support zone (marked with a green rectangle).
2. It also gave a trendline breakout with high volumes and this can be a sign of trend reversal.
Trade ativo:
Entry triggered on 04 June 2021