1. After the fall of March 2020, this stock started recovering slowly
2. Every up move showed a Flag and Pole Pattern breakout with good volume
3. Recently, there is a breakout of a similar pattern with good volume
4. Also, there are lots of deliveries near the 135-136 level over the past few days which can act as a support (Stop Loss level)
5. Volume on Breakout is also good on a Daily Chart.
Additionally, states are relaxing Covid restrictions and hotel bookings SHOULD rise.
Keep in mind, there can be a fear of third wave. But these factors are already discounted in the chart.
BUY: 140 (Today's close Breakout Candle)
Target: 158 (Previous Resistance)
Tight SL: Below 135
Wide SL: 130
Note: Keep in mind, there is a resistance at 145.
Disclaimer: This is purely for educational and learning purposes. This is NOT a BUY/SELL recommendation. Please do your own research before investing/trading.
2. Every up move showed a Flag and Pole Pattern breakout with good volume
3. Recently, there is a breakout of a similar pattern with good volume
4. Also, there are lots of deliveries near the 135-136 level over the past few days which can act as a support (Stop Loss level)
5. Volume on Breakout is also good on a Daily Chart.
Additionally, states are relaxing Covid restrictions and hotel bookings SHOULD rise.
Keep in mind, there can be a fear of third wave. But these factors are already discounted in the chart.
BUY: 140 (Today's close Breakout Candle)
Target: 158 (Previous Resistance)
Tight SL: Below 135
Wide SL: 130
Note: Keep in mind, there is a resistance at 145.
Disclaimer: This is purely for educational and learning purposes. This is NOT a BUY/SELL recommendation. Please do your own research before investing/trading.
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.