Divergence has been corrected. It would be ideal open the position at the last minimum but I was waiting for the confirmation. That will be when the RSI touches the yellow dotted line. It should not break it and define the RSI trend.
The trade has a very tight stop because we are assuming the floor before it is consolidated, so is a risky spot to enter.
Well... I guest most or all of my followers wont know what share is this. Gamesa is a share at the spanish index. I've compared this one with it's index.
Gamesa is also in talks with Siemens to create the biggest eolic company. The price jumped 20% the 29th of Jan.
We could see the price going up (even if there aren't news from Siemens) thx to the bounce coming...
UPDATE 5/5: Stopped out on both positions. Result: -2R
1. Buy limit half of 26/03 pin bar, s/l under horizontal support, t/p around highs on monthly chart, R:R 3,5:1
2. Buy stop top of 26/03 pin bar, s/l under horizontal support, t/p around highs on monthly chart, R:R 2:1
Let the euro QE roll...