Noldo

ABX : Buy Setup

Long
TSX:ABX   BARRICK GOLD CORPORATION

There are 3 reasons why I chose ABX stock:

  • I am looking forward to a downward movement in USDCAD . (More explanation on Related Ideas.)
    I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index .
    You can follow and let's communicate )
  • I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
    Ideas.)
  • Technically, it is suitable for long position.

Parameters

  • Risk/Reward Ratio : 1/2.59
  • Stop-Loss : 21.79
  • Goal : 25.88
Trade closed: target reached: Trade closed with %12.87 net Profit !
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.