IDEA LONGI hope you can now see how IDEA represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Ideacellular
Delivery by IDEA with a target of 128By IDEA at 92.35 target 127.9 sl 80.
There's strong Bullish Engulfing pattern formed in weekly chart. This's such a good time to enter IDEA. Because this's now moving after deep correction, consolidation and volatility . It has closed above the middle band of Bollinger Bands and the RSI and Volume also looks very positive stock catching. Things looks like an IDEA can fill your your pockets very soon...
(Analysis is based on Bullish Engulfing pattern)
Idea Cellular touching long term support 71.34Idea Cellular continue to its down trend and still looking week, stock has already touched its long term support and trying to retest again that level, stock if broke 71.34 will go further down ward or if don't it will target to its existing trend resistance somewhere between 84-86, trader should wait to retest the support 71.34 if it doesn't break this level then go long for a target of 84.00, if reaches 84.00 exit and wait for breakout, if breakout occurs trend then change and further long is favourable with a first target of 98.50.