4240 (Fawaz Abdulaziz AlHokair Co. / AFG International Company)
Price is trading at a strong weekly support, supported by bullish divergence on RSI. A bullish harmonic Bat pattern has formed at this zone, adding confluence to the setup.
Structure remains constructive as long as price holds above the rising trendline. The stop loss is defined on a closing basis below this structure to clearly manage risk. Buy 2 is positioned lower to allow for a better average in case of a pullback into support.
Recommended Levels:
Buy 1: 17.70 (CMP)
Buy 2: 16.85
Stop Loss: Closing below 15.50
Take Profit 1: 20.00
Take Profit 2: 24.00
Take Profit 3: 30.00 / Ride the trend with a trailing stop
Potential remains intact as long as price sustains above the weekly support and rising trendline.
Price is trading at a strong weekly support, supported by bullish divergence on RSI. A bullish harmonic Bat pattern has formed at this zone, adding confluence to the setup.
Structure remains constructive as long as price holds above the rising trendline. The stop loss is defined on a closing basis below this structure to clearly manage risk. Buy 2 is positioned lower to allow for a better average in case of a pullback into support.
Recommended Levels:
Buy 1: 17.70 (CMP)
Buy 2: 16.85
Stop Loss: Closing below 15.50
Take Profit 1: 20.00
Take Profit 2: 24.00
Take Profit 3: 30.00 / Ride the trend with a trailing stop
Potential remains intact as long as price sustains above the weekly support and rising trendline.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。