TRV is in a primary and secondary uptrend. In the lesser period we do have a downtrend. The stock retraced to a fibonacci retracement and to a long uptrend line. Also we do have a round number acting as support in the 100. The OBV is sideways.
We closed below the lower keltner channel line. This means a really oversold stock in the lesser timeframe.
I do have a long entry as soon as we breach yesterday high. My stop would be below 100,00 and my target is pretty clse to the last top in 108.
By this means i do have a U$2,00 stop to a potential profit of U$ 8,00 .
We closed below the lower keltner channel line. This means a really oversold stock in the lesser timeframe.
I do have a long entry as soon as we breach yesterday high. My stop would be below 100,00 and my target is pretty clse to the last top in 108.
By this means i do have a U$2,00 stop to a potential profit of U$ 8,00 .
