LASACO stock just broke out of a trendline with a strong bullish engulfing candlestick. In addition to the trendline breakout, the candle also broke a resistance level, respecting the uptrend.
To take advantage of this long opportunity, you can buy at the current market price or wait for price to drop to the resistance turned support level at N3.42. the stop can be at N2.54 (-33.33%) while the target can be at N5.35 (40.16%).
Confluences for the long idea:
1. Trendline breakout
2. Bullish engulfing candlestick
3. Strong volume momentum
4. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
To take advantage of this long opportunity, you can buy at the current market price or wait for price to drop to the resistance turned support level at N3.42. the stop can be at N2.54 (-33.33%) while the target can be at N5.35 (40.16%).
Confluences for the long idea:
1. Trendline breakout
2. Bullish engulfing candlestick
3. Strong volume momentum
4. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.