KPR Mill Poised for a swing upside of 15-20% with an RR of 1:2
1) KPR Mill is reversing from it's Monthly 0.382 Fib retracement zone.
2) Weekly timeframe shows a Double Bottom Pattern with breakout and retest and , moving up post the retest zone.
3) The retest has happened through a narrow range consolidation of about 7 weeks.
So one may consider for an upmove from current levels with 622 range as SL, for a target of 750 range, based on Daily close and Weekly close levels above the previous week range.
2) Weekly timeframe shows a Double Bottom Pattern with breakout and retest and , moving up post the retest zone.
3) The retest has happened through a narrow range consolidation of about 7 weeks.
So one may consider for an upmove from current levels with 622 range as SL, for a target of 750 range, based on Daily close and Weekly close levels above the previous week range.
Nota
5% ROI within 6 trading sessions!Trade fechado: objetivo atingido
10% Target done as planned in 8 Trading sessions.
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Aviso legal
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.