From the Week chart, with the indicators & trading volume it signals the reversal.
I see a good risk/reward ratio.
It’s a pure technical indicators analysis but not fundamental value.
Cautious support level (Stop Level) : 81-83
Key Support : 73-77
Strong support : 61 (2024 Low level)
Next Resistance : 89, 93
Target : 107 (Graviting Trend Line)
Good Entry level : 85 - 87 - Anything within this range is good to accumulate. Cautious of the support levels.
More conservative entry wait for confirmation to stay above 89 (price closed 89)
The achievable target is 107 (~20%)
You may want to put a SL and exit if it breaks below the key support zone.
Autonomous food delivery robots and drones is now putting into real deployment of business.
“Given early commercial deployments, platform-level investment and exposure to higher labour costs that could be mitigated via automation.” Barclays expects
What do you think?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
