Swing Opportunity in Sun TV Network
Go Long above 507.9 for Targets of 536.5, 565.1, and 593.7 with SL 479.3
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. There is a Trendline (marked with green color) which is providing strong support to the stock.
4. The stock may go up to the Trendline (marked with red color) which is providing resistance to the stock.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. There is a Trendline (marked with green color) which is providing strong support to the stock.
4. The stock may go up to the Trendline (marked with red color) which is providing resistance to the stock.
Transaction en cours
Entry triggered on 15 Sep 2021Trade fermée: ordre d’arrêt atteint
SL hit on 21 Sep 2021
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.
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.