VladimirRibakov

Renault Buy Idea

Short
MIL:1RNO   RENAULT
D1 - Two bigger cycle (Yellow)
Two smaller cycles (Blue) inside each leg of the bigger cycle.

H4 - Price is trading inside a channel. We have divergence.

We will be looking for a breakout above the channel to start looking for buys.

Ideally and most conservatively, we want to see a break above 76.90 zone.

If the stock breaks below, 67 zone will be the next level to follow.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.