Another Automobile stock have potential upsurge
The stock broke the 4 mths correction zone on 02 Nov, probably with Chinese Gov policy support.
It retraced to $20.15 at the Fibonacci 0.5 level and expect an AB = CD pattern.
Entry Point: $ 22.50
SL 1: $ 20.6 ( MAX 8% SL)
TP 1 : $26.30 (Profit: 17%; RRR- 1:2)
TP 2 : $28.85 (Profit: 28.22%; RRR- 1: 3)
It retraced to $20.15 at the Fibonacci 0.5 level and expect an AB = CD pattern.
Entry Point: $ 22.50
SL 1: $ 20.6 ( MAX 8% SL)
TP 1 : $26.30 (Profit: 17%; RRR- 1:2)
TP 2 : $28.85 (Profit: 28.22%; RRR- 1: 3)
Trade active:
In Position now at $ 22.50
Comment:
Broke the previous high now at 24.50
Comment:
TP1 reached.
Trade closed: target reached:
TP2 reached