Reversal Trade: Take a trade for 20% gain
As per the concept of RSI and trendline breakout, the stock is looking strong and it is expected to moveup in the short run.
You can enter Above the Stock’s breakout level 802.
The stock trades near 1030 or closes below 700.
My risk is 102 for gaining 228. My reward to risk is 228/102= 2.23 times.
You can enter Above the Stock’s breakout level 802.
The stock trades near 1030 or closes below 700.
My risk is 102 for gaining 228. My reward to risk is 228/102= 2.23 times.
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.