Quick SwingSellers exhausted at 2.00,-
Higher lows on rising volume.
Open for a swing trade to 2.93. Netting 27% profit from current levels.
ARCH trade ideas
Archer ready to go?Archer has been in a sideways trade range for a while.
- Tested support at 8,25 area.
- Higher low RSI, with a long term positive undertone
- Insider buy:
Dag Skindlo, CFO and Director of Archer Limited (ARCHER) has on 21 March 2018
bought 18,000 shares in ARCHER at an average price of NOK 8.40. Following the
transaction Dag Skindlo holds 124,000 shares and 600,000 options in ARCHER.
Possible target: Around 13, giving an upside of about 50%.
This is a volatile stock with high risk, but considering the great upside, I'll take a shot at this level.
Setting stop loss at close < 8
