롱

3 Drives on Bottom : Good Risk to Reward

업데이트됨

The stock has formed 3 Drives on Bottom pattern and is in deep oversold zone. It has formed bullish engulfing showing a potential reversal therefore one can go long at this level with the recent low as Stop Loss. One can expect the 68 as target. It offers a healthy risk to reward ratio of 3. The defensive trader should wait and enter once it starts trading above the Engulfing Candle, which means risking more and RR ratio of 2 but better chances. So decide on your risk preference.

Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.

액티브 트레이드

노트

Trade doing well continuing with trailing SL for the target. :)