The price is currently sitting at a strong support level which also coincides with the bottom of a historical bullish trendline. These confluences suggest a high probability of a reversal to the upside.
Additionally, volume has increased, signaling growing interest and potential momentum buildup in the stock. Notably, a doji candle formed on the January monthly chart, which typically indicates market indecision and potential reversal points.
The ATH (All-Time High) isn't far from the current chart structure, making this setup particularly attractive in terms of risk-reward. Based on a technical analysis, we are looking at a 1:27 risk-reward ratio to the ATH, making this trade highly favorable.
Given the combination of support, bullish trendline, volume increase, and the doji candle, I’m bullish on
CE in the medium to long term.
https://www.tradingview.com/x/CmryeBIc/
Additionally, volume has increased, signaling growing interest and potential momentum buildup in the stock. Notably, a doji candle formed on the January monthly chart, which typically indicates market indecision and potential reversal points.
The ATH (All-Time High) isn't far from the current chart structure, making this setup particularly attractive in terms of risk-reward. Based on a technical analysis, we are looking at a 1:27 risk-reward ratio to the ATH, making this trade highly favorable.
Given the combination of support, bullish trendline, volume increase, and the doji candle, I’m bullish on
https://www.tradingview.com/x/CmryeBIc/
Trade attivo
The stop loss on Trade chiuso: stop raggiunto
As stop was triggered on 11 February and price didn’t get up after this trade is not active anymore for me.Based on these ideas I trade personally. 📊 +6% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Based on these ideas I trade personally. 📊 +6% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.