NEWGEN at good support level

2022년 2월 5일

Retested support level, long standing trendline since March 2020 intact, Resistance line can be broken in few weeks.

Buy at 570 level for upside till 630 i.e. 10% in parallel channel.
Stoploss below latest mother candle on 25 Jan at 550 i.e. 5%
Risk Reward Ratio 2:1

Can hold for larger gains as well since Q3 performance was good but stock did not move much.