IDEA Long Setup
Whoever missed the Idea spike up recently, Idea is at 50% - 62% retracement fibonacci buy zone.
The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone.
Aggressive traders can enter long at the current support level.
Conservative traders, enter the trade at the break of trendline or at the fractal break.
Keep the stop loss below the swing low.
Targets: 97.30, 103.00, 108.00
The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone.
Aggressive traders can enter long at the current support level.
Conservative traders, enter the trade at the break of trendline or at the fractal break.
Keep the stop loss below the swing low.
Targets: 97.30, 103.00, 108.00
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.