I have initiated a LONG position at $49.2
Obviously this looks like a stock in a trading range between $48 and $57. So right now you have a potential $1-$2 risk with about $7-$8 gain. Also note that recently the support at $48 looks to be confirmed.
A more conservative target would be $52. Since this is likely the highest resistance zone with the highest volume of shares traded at that level. This would be a good point to take some profit if not selling all.
In this Case you still have a reward:risk ratio greater than 1.
Therefore, I don't see a reason NOT to buy. :)
Obviously this looks like a stock in a trading range between $48 and $57. So right now you have a potential $1-$2 risk with about $7-$8 gain. Also note that recently the support at $48 looks to be confirmed.
A more conservative target would be $52. Since this is likely the highest resistance zone with the highest volume of shares traded at that level. This would be a good point to take some profit if not selling all.
In this Case you still have a reward:risk ratio greater than 1.
Therefore, I don't see a reason NOT to buy. :)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.