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Persevere30
May 27, 2021 7:14 PM

Svenska Handelsbanken - Long position Long

SVENSKA HANDELSBANKEN SER. ASTO

Description

**Positive quarterly report Q1**
**Trading above MA200**
**RSI entry signal**
**Good candle response today, seller momentum declining**

TP:
**Close above MA5**
**SL: Close above MA5 / 10% max drawdown**
**Apply Fibonacci extensions to maximize exits and increase profit-taking**

Ill keep updating the trade...

Cheers



Comments
Persevere30
Holding on to the trade.
Persevere30
Good initial gap up today, followed by an overall slow day, however, giving us confidence that buyers are on the hook... Looking at an exit in the coming days to lock in profit, mitigate losses. Will keep u posted.
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