INDIGO. Base Formation. Long Idea
Share price of ITERGLOBE AVIATION, has been consolidating between 4350 and 4200 for a month now. If price breaks above 4350, it can be a good opportunity to enter a long trade with a stop loss of 4150. Holding onto the trade and trailing stop losses is advised for this trade, since it has gone through such a long consolidation, hence the move could likely be equally long.
#Only for educational purpose.
#Only for educational purpose.
Trade active
15/07/2024 10:13 am.Entered trade @ 4380. Stop loss of 4150. No definitive targets. Trailing stop loss strategy in this trade.
Note
Update 23/08/2024 11:03 am.
Patience is the key in markets. Took more than a month but now the stock is finally moving and making all time highs. Trailing stop loss of 4200 now.
Note
Update 28/08/2024 10:25 am.
Trailing stop loss to: just below the breakout low - 4370.
New trailing stop loss of 4350.
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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.