AIRLINK | Bullish Flag Pattern Possibility

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Given the current technical setup, buying is recommended at 118, which is a strong support level and also near the lower boundary of the descending channel. This entry point provides an attractive opportunity for a potential upside move, especially if the price starts reversing from this level.

Trade Setup:
Entry Point: 118
Stop Loss: 93 (below the recent support level to limit downside risk)
Target: 168 (potential breakout target from the descending channel)

This setup offers a favorable risk-reward ratio as it aims to capture a reversal from the support level while managing risk effectively with a well-defined stop-loss.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.