I have been observing this stock for a long time. There is a rounding bottom and the prices have been crossed the Simple moving average 200 daily. They designed a first pullback on the SMA 200 that was a nice opportunity for a nice operation. Now we are in a phase that seems a new pullback. The time cycle seems at final countdown. In my opinion is a nice opportunity to enter for a long time operation LONG. The stop loss is located if the prices will cross down the SMA200.
There is a similar operation I did with an Italian stock FIERA MILANO, I will putt an image of that.
There is a similar operation I did with an Italian stock FIERA MILANO, I will putt an image of that.
Trade closed: target reached:
The prices have been reached the 1st target in 21,15 area where the prices cross the 100 weekly SMA.
I've close the position and I hope to enter again if the prices will do a pullback on the trend line.
The up-trend is not finished for this stock.
I've close the position and I hope to enter again if the prices will do a pullback on the trend line.
The up-trend is not finished for this stock.