KOSM LONG TRADE - SECOND STRIKE
We're issuing a second strike call for KOSM (PSX) based on its promising technical setup. Previously, we noted that KOSM had been trading in a downward channel since December last year. After breaking down in the previous month, it experienced a selling climax but quickly reversed, returning to the channel.
Recent signs indicate a potential new uptrend, driven by positive volume distribution and price action. The reversal has formed an inverted head and shoulder pattern, suggesting a bullish outlook.
🚨 TECHNICAL BUY CALL – KOSM🚨
Buy 1 - Current level: 5.64
Buy 2 - 5.4
Buy 3 - 5.2
- TP1: 5.99
- TP2: 6.5
- TP3: 7
- Long-term TP1: 7.6
- Long-term TP2: 8.2
- Stop Loss: Below 4.6 (Day closing basis)
- Risk Reward Ratio: 1:5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
We're issuing a second strike call for KOSM (PSX) based on its promising technical setup. Previously, we noted that KOSM had been trading in a downward channel since December last year. After breaking down in the previous month, it experienced a selling climax but quickly reversed, returning to the channel.
Recent signs indicate a potential new uptrend, driven by positive volume distribution and price action. The reversal has formed an inverted head and shoulder pattern, suggesting a bullish outlook.
🚨 TECHNICAL BUY CALL – KOSM🚨
Buy 1 - Current level: 5.64
Buy 2 - 5.4
Buy 3 - 5.2
- TP1: 5.99
- TP2: 6.5
- TP3: 7
- Long-term TP1: 7.6
- Long-term TP2: 8.2
- Stop Loss: Below 4.6 (Day closing basis)
- Risk Reward Ratio: 1:5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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.