Trading Idea - #SWATCH
Updated
SELL Limit Order!
ENTRY: 275 CHF
TARGET: 208 CHF (profit 23%)
STOP: 294 CHF
I assume that the price of the SWATCH share can recover in the short term. This would go up to the POI level of CHF 274.
As SWATCH has become heavily dependent on the Chinese market and the Corona fear continues to dominate the markets, further pressure on the share is to be expected.
ENTRY: 275 CHF
TARGET: 208 CHF (profit 23%)
STOP: 294 CHF
I assume that the price of the SWATCH share can recover in the short term. This would go up to the POI level of CHF 274.
As SWATCH has become heavily dependent on the Chinese market and the Corona fear continues to dominate the markets, further pressure on the share is to be expected.
Trade closed: stop reached
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