This stock has a great outlook in regards to bullish fundamentals. I chose this demand level and my order is as follows:
Entry : 18.63
Stop : 16.10
I am looking to hold this for a month or so with exit orders:
Target 1 : 20.17
Target 2 : 21.70
The Blue Candle is a really good entry - given the fact of a nice Bullish engulfing the probability is quite high for more upside here
given the probability of success and r/r equity risk can be up to 2,5%
With the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area.
The goal: buy as low as possible in the Buy area to start off with a nice solid position.
Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%