Abans Financial - Testing PatienceCMP 201 on 15.02.26
The price was above 600 in Sept 2024. It came down to 170 in Feb 2025. Showed enough correction. In the last year, it has been sustained in a lower range. Especially in the last 5-6 months, it seems like a consolidation around 200.
If it gives an upmove, there may be a good long opportunity with a good risk-reward ratio. Possible targets may be 280/340/395.
This setup is based only on observing a good risk-reward ratio.
The setup fails if it sustains below 170. Below 170, an exit plan should be considered.
All these illustrations are for learning and sharing purposes, for paper trading only. It is not trading advice.
All the best
Long