Text me if you have any questions/comments for me.
-----
ILU
- Previous analysis was done on 14 Sep - Suggested half entry at 10.40 levels (to manage risk) or wait for a retracement and successful rebound
- Since then, the stock has dropped more than 9% to rest at the mid-term support
- As mentioned previously, the stock has a history of strong retracements back to the mid-term support -> Today’s price action should not be a surprise
- Technically not a structure break yet -> A close around 9.00 levels would be a structure break for me
- A successful rebound would be a price recovery above 10.20 levels accompanied with good volume
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound
-----
ILU
- Previous analysis was done on 14 Sep - Suggested half entry at 10.40 levels (to manage risk) or wait for a retracement and successful rebound
- Since then, the stock has dropped more than 9% to rest at the mid-term support
- As mentioned previously, the stock has a history of strong retracements back to the mid-term support -> Today’s price action should not be a surprise
- Technically not a structure break yet -> A close around 9.00 levels would be a structure break for me
- A successful rebound would be a price recovery above 10.20 levels accompanied with good volume
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.