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.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.