COGT has been trading in the range during 7 months.
Being close to the support it gives an opportunity to buy it with a tight stop-loss just below the support level.
Potential profit:
1) 40-50% if bought close to the support at 8.40 and sold as close as possible to resistance at 13.28.
But I would not bet on buying cheaper than 9.00 as it is where it meets MA200, which may give further support to it.
2) 100%, if it breaks the range and heads higher. Target - height of the range.
Being close to the support it gives an opportunity to buy it with a tight stop-loss just below the support level.
Potential profit:
1) 40-50% if bought close to the support at 8.40 and sold as close as possible to resistance at 13.28.
But I would not bet on buying cheaper than 9.00 as it is where it meets MA200, which may give further support to it.
2) 100%, if it breaks the range and heads higher. Target - height of the range.
Nota
buying today
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.
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.