Last week, the view on Adanient was short since the stock couldn't break out of the resistance and it had to move back to support from where it can try again move up.
Further since the view on index was also bearish, the trade was executed with confidence.
On Friday, the stock hit our target of 1640 to the dot and then retraced a little.
From here on, we can expect a slow upward movement and this time possibly a break out also from the resistance zone. However, it is a risky trade since index is bearish and we are nearing holidays which will cause low volumes in market.
Targets for long position are:
1690
1719
1764
SL at 1600
*only for educational purposes*
Further since the view on index was also bearish, the trade was executed with confidence.
On Friday, the stock hit our target of 1640 to the dot and then retraced a little.
From here on, we can expect a slow upward movement and this time possibly a break out also from the resistance zone. However, it is a risky trade since index is bearish and we are nearing holidays which will cause low volumes in market.
Targets for long position are:
1690
1719
1764
SL at 1600
*only for educational purposes*
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.