With my novice brain I have outlined the below: This stock is in uptrend and ongoing correction gives us the opportunity to re-enter at lower levels. Pink hash-ed line above current price indicate Resistance and below indicates Support. Buy zones at 2 support levels which co-insides with 50%-61.6% and 78.6 % Retracement on fib as well as gets the support of trend-lines. All buy must be done on the right side of counter trend line ( coloured Red) . Stop-loss can be put below A on fib (70.54) or below 74.20 which is last point of U-Turn. I would prefer to put below A. Will further update next week. Any comment on this would be appreciated. Happy Trading!
Zlecenie aktywne
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Buy Zone 1 hit. Showed strong move after hitting a low of 83 now trading at 98.