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.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.