Possible Breakout canditate from the Trading range

10 באוק׳ 2020

CESC is in a trading range since the Rally from the rally of the April month was stopped at 670. It has made an attempt to break out from the Boxed range in the month of October was pushed back and now is making a new Higher low ( Too Early to call it an HL). But this setup along with momentum divergence is giving a very low-risk Long trading opportunity. I would prefer an SL of 590 with a holding period of a few weeks with an initial target of 680.