Not my usual setup but offers a good R/R for Mean reversion to the previous lows. Two heavy flushes to the downside + Market winds to downside have pushed this stock down rapidly to oversold area.
Position Open: 1.98
Risk: 1.95
Target: 2.5
Trade Open.
LNK looking good as its retesting the trendline, 200SMA and the POC of the Volume Profile. MACD indicator also bullish and I think there is a good chance that it is going to restest the previous highs and might continue higher. I am bullish LNK and have a target of $5.50 (potential gain of 13%) with a stoploss below the previous lows at $4.45.
Please note these...
Here is a buy setup in LNK we have a bullish falling wedge which price has broken out of, also broken above the 20MA on daily timeframe and MACD signalling an entry
my profit target is 4.75 stop loss would be a daily close below the 20 MA
Strong open and strong close last Friday. So is it time to go long for Link Admin this week?
It is above the 20 and 50 moving averages.
MACD and RSI are bullish,
we are likely to see a breakout toward the 200 MA at 6.70-6.75.
Worth adding this to your watchlist.
