SUNUASSUR stock got rejected from a support level, which led to the formation of bullish engulfing candlestick. This is an indication that there is a pressure from the buyers to push price higher.
To take advantage of this opportunity, you can buy at the current market price. The targets are N7.30 (23.73%), N8.40 (42.37%) and N11.65 (97.46%).
Confluences for the long idea:
1. Breakout of a bearish trendline sponsored by a bullish trendline.
2. Retest of the support level.
3. Rejection from the support level and bullish engulfing candlestick.
4. Bullish intention signal from the awesome oscillator.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. Don't invest your money on the stock if you're not willing to accept the risk.
To take advantage of this opportunity, you can buy at the current market price. The targets are N7.30 (23.73%), N8.40 (42.37%) and N11.65 (97.46%).
Confluences for the long idea:
1. Breakout of a bearish trendline sponsored by a bullish trendline.
2. Retest of the support level.
3. Rejection from the support level and bullish engulfing candlestick.
4. Bullish intention signal from the awesome oscillator.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. Don't invest your money on the stock if you're not willing to accept the risk.
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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.
Related publications
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.