It can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021.
Trade Details:
Trade Active: When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
- For this stock 60.7 acts as a crucial level from May 2004.
- The Stock is at a trend line support
Trade Details:
Trade Active: When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
Comment:
Consolidating at the trend line
Trade active:
Can be bought at or below 62, braking trendline with high volume
Trade active:
Entry below 63
Comment:
Just wait for the target or Stop Loss, Happy Trading :)
Trade active:
Last day it traded with volume above last 20 MA and price going upwards. Keep looking :)
Comment:
Keep SL at 58, use trailing SL once a target is reached.
Comment:
The ~60.7 is acting as quiet crucial till now :)
Trade closed: stop reached:
@ 57
