CFG - good R/R long opportunity
CFG, a stock that has made consistently increasing earnings over the years, forms a low risk/reward opportunity for LONG.
Here are the clues that supports the buy:
- Divergences formed against RSI, MACD and Stoch.
- Bounced from 50% Fib level from previous rise.
- Has good form of a Elliott Wave count in which C of (4) of V has been completed. (5) of V is expected to be in progess.
- Bounced at Fib-ext 100% to make a textbook ending point for C.
- Bounced from resistance level made by III.
- Stoch has crossed over.
Tight SL: 39.5
Target: 50-53
Here are the clues that supports the buy:
- Divergences formed against RSI, MACD and Stoch.
- Bounced from 50% Fib level from previous rise.
- Has good form of a Elliott Wave count in which C of (4) of V has been completed. (5) of V is expected to be in progess.
- Bounced at Fib-ext 100% to make a textbook ending point for C.
- Bounced from resistance level made by III.
- Stoch has crossed over.
Tight SL: 39.5
Target: 50-53
Ordine annullato
Trade never triggered
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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.