Triple bottom on PKNORLEN
Updated
A triple bottom suggests a change in direction higher and possibly the start of a new uptrend. To put it in buyers/sellers terms, the sellers have created a downtrend that came to a low point (support), which led to a rebound or short-covering.
Entry point: Consider entering a long position at first green candle if the formation is not broken. Recommended entry price: 59.58.
Stop loss: Place stop loss below support line. Recommended stop loss value : 57.80.
Take Profit: 63.37.
Entry point: Consider entering a long position at first green candle if the formation is not broken. Recommended entry price: 59.58.
Stop loss: Place stop loss below support line. Recommended stop loss value : 57.80.
Take Profit: 63.37.
Trade closed: stop reached
failed , stop loss hit
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