Relaxo Break Out and Retest
Relaxo Footwears have broken out of the Channel/Triangle pattern and has retested the breakout area. Entered long with strict stop loss. If going further below, better to exit without a second thought.
Possible target just below a recent resistance area.
Possible target just below a recent resistance area.
Note
Relaxo seems to have held the support. A good green candle formed.Note
The trendline with the higher slope has been broken downwards today. Let's see if Relaxo can take support on the upper line of the channel.Note
Relaxo not giving a clear clue about the next move. Even while the market is highly bullish, Relaxo is very sluggish. Holding the support line. There's still hope for a positive move.Note
Held the support really well. Jumped up with a good bullish candle.Trade fermée: cible de profit atteinte
Hit the target right after market opening
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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.