Ravi2409

Potential Long Setup for ADH - Daily Chart

Long
ASX:ADH   ADAIRS LIMITED
ADH has presented a good trade setup, price has recently broken out of a key level and has now come back to retest this level, broken resistance commonly acts as support, which makes it a textbook trade setup to the long side. if we get a strong close today, that would be a buy signal for me with a stop loss 1 ATR below recent lows, plenty of upside potential as ADH is in a long term uptrend.
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