I'm new to charting and I bought this purely based on the dividend yield.
But, after watching many technicians on YouTube, I'd like to buy things in a more strategic manner.
I looked over Riocan and thought I saw a head and shoulders that was probably confirmed on about the 5th of May. Can anyone confirm?
The goal of this trade is to catch a bounce from support around $26.40 with a stop loss just below support at $26.00
Aiming for a 1:2 risk reward ratio, but will likely take profit around $27.00 for just over a 1:1 risk reward ratio.