Short trade @ Volvo according to charts. RRR ~2,65 in total. Entry timeframe is Daily
Buy Order: 180.75 1.5% risk Buy Order: 175.00 1.5% risk Buy Order: 155.00 2.0% risk
Lately Volvo has been nice about EMA200.. So why not this time., Also Highs on NOV 2020 and the struggle between Jan2th Feb 20th this year, give good basis to also support the Volvo ascelerating up the hill. RSI in oversold area, where it typically has not been so long time periods, so expecting quick return to upper levels. PT 238 .. near all time high SL 213 ...
After the bulls did finish their buy orders, now the bears are taking over. Wait for my signal when to get out of your selling positions!
Gotta give it to Scandinavians. The company is just healthy and it just hit a fabulous support. It even has free cash on hand.
Last two trading days VOLVO_B had some profit-taking from 155.15 critical swing zone. But the market already breaks out the descending channel from 2018. So there is another good chance to up technically to 155.15 zones again, till it breaks below 144.40 critical support zone. Market closing rate 150.55 and it is still above the descending channel level. As...
VOLVO B MAY TEST 155.145 AGAIN AS LONG AS 144.40 IS SUPPORT.
Volvo short on breakout halfway retest.