VladimirRibakov

Renault Buy Idea

Short
MIL:RNO   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.

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