The stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes.
The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk.
If goes well, then the risk-reward ratio is quite good according to the projected targets.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk.
If goes well, then the risk-reward ratio is quite good according to the projected targets.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Comment:
Although it has hit our stop-loss. Now seems to be ready to go upside. let's wait for the next setup.