POINTS TO NOTE BEFORE INITIATING LONG:
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1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows.
2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months.
3. Now a shift to an upward channel is seen with HH, HL, indicating reversal.
4. Trade is based on a minor Trendline breakout in uptrend.
The trade is as follows:
- Entry above 357.5
- SL 339.45
- Targets of 383, 402
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1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows.
2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months.
3. Now a shift to an upward channel is seen with HH, HL, indicating reversal.
4. Trade is based on a minor Trendline breakout in uptrend.
The trade is as follows:
- Entry above 357.5
- SL 339.45
- Targets of 383, 402
Nota
Forgot to mention the disclaimer: Always trade based on your own risk appetites. And always enter the Stop-Loss first.
Trade ativo
Trade fechado: stop atingido
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Publicações relacionadas
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.