but is it at a good entry point ?
It looks like its slowly moving up the ladder and at the moment at the bottom of its movement
Based on the current trend and following simple support resistance its at a good support level which has been tested multiple time and now it has room to run as predicted in the chart
EmSteel looks like making a bullish reversal
If it crosses or Enters the FIB golden pocket i.e between 1.70 to 1.80 then we can have a ride till the previous highs of 2.12 as this will complete a fib retracement.
Entry @ 1.70 to 1.80
SL @ 1.58
TP @ 2.0
Its been trying again and at but its not able to close above the resistance of 1.35 today again bulls showed some power and took the control. In order for this stock to turn bullish we want to see a solid green candle close above 1.35 so that it can continue the momentum for the coming week.
Hit like & follow guys ;)
It would be a idea scenario if it can come down for a retest of 1.20 area and then show us buying pressure so that we can enter the trade. For now this stock should be in our stalking list.
Hit like & follow guys ;)
