Trade 3 OPL 20.06.2023Same Position Management.
Black line progressive entry
Red line progressive stop
Green progressive TP
TPA1 trade ideas
Three times the charm for shorts on OPL?Telecom sector in Poland is not really popular lately. As I recall the aggregating index WIG_TELE got removed due to not interesting, following modern trends or something.
While looking at this from monthly perspective it has to be stated that it got really cheap lately although it is honest and can be easily spotted by anyone in Poland that monopolist had to share the local market so that story said by monthly chart adds up.
On the weekly chart we clearly can see RSI divergence trying to say to us that we might have a shot at short. Next two weeks and monthly candle will quickly really verify is that true. A lot of polish indexes, stocks are at vital levels right after significant rally. If things cool down globally OPL can see a significant downward move. Great risk to reward ratio with obvious stop if the story does not confirm itself over the course of incoming new week and the next one.
Oh and don't mind the previous drawings. Time verified them to some degree.
