CFG - good R/R long opportunity
CFG, a stock that has made consistently increasing earnings over the years, forms a low risk/reward opportunity for LONG.
Here are the clues that supports the buy:
- Divergences formed against RSI, MACD and Stoch.
- Bounced from 50% Fib level from previous rise.
- Has good form of a Elliott Wave count in which C of (4) of V has been completed. (5) of V is expected to be in progess.
- Bounced at Fib-ext 100% to make a textbook ending point for C.
- Bounced from resistance level made by III.
- Stoch has crossed over.
Tight SL: 39.5
Target: 50-53
Here are the clues that supports the buy:
- Divergences formed against RSI, MACD and Stoch.
- Bounced from 50% Fib level from previous rise.
- Has good form of a Elliott Wave count in which C of (4) of V has been completed. (5) of V is expected to be in progess.
- Bounced at Fib-ext 100% to make a textbook ending point for C.
- Bounced from resistance level made by III.
- Stoch has crossed over.
Tight SL: 39.5
Target: 50-53
Ordre annulé
Trade never triggered
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.