SUNUASSUR stock got rejected from a support level, which led to the formation of bullish engulfing candlestick. This is an indication that there is a pressure from the buyers to push price higher.
To take advantage of this opportunity, you can buy at the current market price. The targets are N7.30 (23.73%), N8.40 (42.37%) and N11.65 (97.46%).
Confluences for the long idea:
1. Breakout of a bearish trendline sponsored by a bullish trendline.
2. Retest of the support level.
3. Rejection from the support level and bullish engulfing candlestick.
4. Bullish intention signal from the awesome oscillator.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. Don't invest your money on the stock if you're not willing to accept the risk.
To take advantage of this opportunity, you can buy at the current market price. The targets are N7.30 (23.73%), N8.40 (42.37%) and N11.65 (97.46%).
Confluences for the long idea:
1. Breakout of a bearish trendline sponsored by a bullish trendline.
2. Retest of the support level.
3. Rejection from the support level and bullish engulfing candlestick.
4. Bullish intention signal from the awesome oscillator.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. Don't invest your money on the stock if you're not willing to accept the risk.
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Publicações relacionadas
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.