Trader's Queries - IZMO!
Query : I have bought IZMO at 112. Now price is falling. What to do?
Price action is trending inside an upward channel and has formed double top. That is the technical reason for the fall in price. If it sustains 102, price will reach 118. Resistance is seen at 118 - 121 levels. To move up further, resistance should be taken out. Whether it is trading or investment, one should always fix stop loss and target.
Price action is trending inside an upward channel and has formed double top. That is the technical reason for the fall in price. If it sustains 102, price will reach 118. Resistance is seen at 118 - 121 levels. To move up further, resistance should be taken out. Whether it is trading or investment, one should always fix stop loss and target.
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