ULVR | Long idea on local support

2020년 11월 23일

Unilever has been trading within the local range created between previous earnings gap up and local high resistance for a few months now.
I've been looking for an entry point to increase my current position as I like this company's positioning in light of 2021 consumption trends and the quality dividends paid to shareholders.

I'm looking to increase as detailed in this chart, entry point, TPs and SL indicated in the chart.

The very tight stop loss is justified by the potential drop down to long term support if current local support is broken.

Any comments are welcome!
Good luck!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)

2020년 11월 24일

액티브 트레이드

After watching the tape on lower time frames I believe we've hit bottom.
Entered at 4380, will be watching my tight SL (4290) very closely.
Hope this works out, the chart is speaking all the right words!

2020년 12월 4일

거래청산: 스탑 닿음

Quite surprisingly this has reversed down past my stop loss.
I've closed the position accordingly