Similar setup here with Ceres Power, and this one has historically been a trader’s dream if you were on the right side of the move. Again we now have a price that has fallen into a previous area of resistance. The price itself was very tight between the open and close, but that didn’t stop it pushing lower intraday, only to be rejected on massive volume. This looks like buyers absorbing all of the sell orders and holding the price firm.
It may consolidate a little further yet, but could this trade its way back to the previous highs?
Price target: 839p
Potential reward: a whopping 124% from here
It may consolidate a little further yet, but could this trade its way back to the previous highs?
Price target: 839p
Potential reward: a whopping 124% from here
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.