EIHOTEL - Breakout and Retest Setup ๐
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Hey Traders! ๐ข
EIHOTEL is showing a promising Breakout and Retest setup, making it an excellent candidate for swing trading. ๐
**Key Points:**
- Clear breakout from previous resistance.
- Retesting the breakout level, confirming potential support.
- Positive momentum indicators.
- Potential for a significant upswing.
**Trade Strategy:**
- Entry: Above the retest level.
- Stop Loss: Below the support-turned-resistance.
- Target: Aim for a favorable risk-reward ratio.
Remember to conduct your analysis and risk management before entering any trade. Happy trading! ๐๐ฐ
#SwingTrading #StockMarket #TechnicalAnalysis #EIHOTEL #TradingView #SwingTradeOpportunity
EIHOTEL is showing a promising Breakout and Retest setup, making it an excellent candidate for swing trading. ๐
**Key Points:**
- Clear breakout from previous resistance.
- Retesting the breakout level, confirming potential support.
- Positive momentum indicators.
- Potential for a significant upswing.
**Trade Strategy:**
- Entry: Above the retest level.
- Stop Loss: Below the support-turned-resistance.
- Target: Aim for a favorable risk-reward ratio.
Remember to conduct your analysis and risk management before entering any trade. Happy trading! ๐๐ฐ
#SwingTrading #StockMarket #TechnicalAnalysis #EIHOTEL #TradingView #SwingTradeOpportunity
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