Swing Opportunity in Sun TV Network
Go Long above 507.9 for Targets of 536.5, 565.1, and 593.7 with SL 479.3
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. There is a Trendline (marked with green color) which is providing strong support to the stock.
4. The stock may go up to the Trendline (marked with red color) which is providing resistance to the stock.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. There is a Trendline (marked with green color) which is providing strong support to the stock.
4. The stock may go up to the Trendline (marked with red color) which is providing resistance to the stock.
Trade ativo
Entry triggered on 15 Sep 2021Trade fechado: stop atingido
SL hit on 21 Sep 2021
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.
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.