Entry conditions:
(i) higher share price for
RHC along with swing up of indicators such as DMI/RSI, and
(ii) observation of market reaction around the potential support/resistance line of $44.52 from the close of 6th March.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the potential support level of $42.14 from the open of 17th April, or
(ii) below the rising 15 day EMA (currently $41.84).
(i) higher share price for
RHC along with swing up of indicators such as DMI/RSI, and(ii) observation of market reaction around the potential support/resistance line of $44.52 from the close of 6th March.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the potential support level of $42.14 from the open of 17th April, or
(ii) below the rising 15 day EMA (currently $41.84).
Order cancelled
UPDATE (week ending 10-Jul): Trade abandoned prior to entry since entry conditions for trade were not met and indicators turned negative. Let's look for another trade instead.
Join the socials here:
ivorywolf.start.page/ (Facebook / Telegram / YouTube)
Like/join/subscribe for the latest stock/crypto coverage!
...
ivorywolf.start.page/ (Facebook / Telegram / YouTube)
Like/join/subscribe for the latest stock/crypto coverage!
...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the socials here:
ivorywolf.start.page/ (Facebook / Telegram / YouTube)
Like/join/subscribe for the latest stock/crypto coverage!
...
ivorywolf.start.page/ (Facebook / Telegram / YouTube)
Like/join/subscribe for the latest stock/crypto coverage!
...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.