Tomasgei

๐Ÿ” Allegion: ALLE - Starting up from demand zone

Long
NYSE:ALLE   Allegion plc
Hi mates another interesting idea with high Risk Reward!!!
As you see by two trendlines , uptrend in ALLE is incrasing in momentum. Now its definetely nice entry sweet spot on demand zone in 106 - 109 area. Target area is next supply zone at 119.30 - 194.36

My setup is following:

------------------------Trade setup ---------------------------
Entry: 109.80
Stop Loss: 106.23
Profit target: 120. 01
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If you like the idea, do not forget to support with a ๐Ÿ‘ like and follow.
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