Abans Holdings - Low Risk Idea
The stock price has dropped more than 50% in the last 3 months. And 25% in the last 10 days.
This time, it is close to the long-time support levels of 250-260.
If it shows the reversal this time, it will be a good risk-reward trade. It may reach the levels of 310/340 or even more.
The setup remains active above the level of 255-260. If sustains below 248, the setup will go weak.
One should keep the position size following risk management.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
This time, it is close to the long-time support levels of 250-260.
If it shows the reversal this time, it will be a good risk-reward trade. It may reach the levels of 310/340 or even more.
The setup remains active above the level of 255-260. If sustains below 248, the setup will go weak.
One should keep the position size following risk management.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
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