Long HRI: Bounce Off Weekly Demand Area
Reasons I bought
1. Currently bouncing off of a weekly support level which is also respected multiple times in the daily timeframe.
2. Zacks rank: 1 strong buy
3. Also bouncing off 50 sma
4. Solid risk reward ratio about 1:4 or more
1. Currently bouncing off of a weekly support level which is also respected multiple times in the daily timeframe.
2. Zacks rank: 1 strong buy
3. Also bouncing off 50 sma
4. Solid risk reward ratio about 1:4 or more
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.