#EQT - Channel based long.
#EQT - Channel based long.
TA Rationale for buy - I looking for a replication of the bounce off the lower channel and RSI increase - Feb 20 bottom @ 5.25p to Feb 28 top @ 9.25 (see first green arrow).
Fundamental rationale for buying - placing at 6.5p overhang and sell bias appears to have cleared and ask price continued to rise throughout the session.
Entry 6.8p, Stop 5.7p & target of 10p gives a R:R of 1:3 (L17% vs P50%).
Although at the lower end of my typical R:R ratio, I believe bulls favour the bears here although caution should be applied circa 8p incase of potential H&S pattern to the downside.
TA Rationale for buy - I looking for a replication of the bounce off the lower channel and RSI increase - Feb 20 bottom @ 5.25p to Feb 28 top @ 9.25 (see first green arrow).
Fundamental rationale for buying - placing at 6.5p overhang and sell bias appears to have cleared and ask price continued to rise throughout the session.
Entry 6.8p, Stop 5.7p & target of 10p gives a R:R of 1:3 (L17% vs P50%).
Although at the lower end of my typical R:R ratio, I believe bulls favour the bears here although caution should be applied circa 8p incase of potential H&S pattern to the downside.
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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.