4030 (National Shipping Co. of Saudi Arabia) has broken above a key weekly support/resistance level with healthy volumes, signaling strong buying interest. The breakout came through the last lower high, which was also the neckline of a double bottom formation — confirming a structural shift from bearish to bullish. RSI is synced with the move, supporting momentum.
The first buy is taken at CMP, while Buy 2 is positioned lower in case price forms a new higher low to secure a better average entry. Profit targets are mapped through the double bottom projection and subsequent resistance zones.
Recommended Levels:
Happy trading!
The first buy is taken at CMP, while Buy 2 is positioned lower in case price forms a new higher low to secure a better average entry. Profit targets are mapped through the double bottom projection and subsequent resistance zones.
Recommended Levels:
- Buy 1: 23.10 (CMP)
- Buy 2: 22.20
- Stop Loss: Closing below 21.20
- Take Profit 1: 24.20
- Take Profit 2: 24.90
- Take Profit 3: 25.80
Happy trading!
Trade ativo
TP1 hit!Trade fechado: objetivo atingido
All TPs hit!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.