paintek
Long

Buy opportunity: DAR is bouncing back from 200 MA on daily

NYSE:DAR   DARLING INGREDIENTS INC
Hi Traders!

Price tested the 200 MA many times and now reached a support zone . RSI and Stochastic RSI are in oversold zone.

Entry strategy: wait for a bullish confirmation candle above 18.70


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Trade active: Price reached the entry level.
Comment: SL level can move to entry, if someone wants to minimize the risk.
Comment: Possible second chance to enter, if someone missed the previous opportunity.
Comment: If someone used this second opportunity and opened the trade today then can move the SL to entry.
Trade closed: target reached: It was a good one. Market gave us entry opportunity two times, and price reached target easily.
At least 7.75% profit, or if someone is trend follower then now already at 15% profit.
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