ALICON :: LONG SETUP
---------------------------
-- Buy at Current Levels / Pull back (770 - 820)
-- Initial S/L 735
-- Target the Channel Top / FIB Levels or hold as positional pick
Reasons for increased probability::
----------------------------------------------
-- Recent Trendline breakout.
-- high volumes + delivery seen last 3 sessions
-- Momentum breakout in RSI
-- MultiYear Breakout & Retest completed
/**
Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
---------------------------
-- Buy at Current Levels / Pull back (770 - 820)
-- Initial S/L 735
-- Target the Channel Top / FIB Levels or hold as positional pick
Reasons for increased probability::
----------------------------------------------
-- Recent Trendline breakout.
-- high volumes + delivery seen last 3 sessions
-- Momentum breakout in RSI
-- MultiYear Breakout & Retest completed
/**
Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/