looks good, got nice breakout with big bull volume (positioning). Bottommed out and now uptrending on the daily. if not in already, youre looking at entering on the break of last weeks high and good increasing bull volume.
However the stop will be a problem as we dont really have any daily supports nearby. Closest D HL being at 43.41 which is 20% below. Another closer stop loss you can put is at 49.36, which was friday's low and about 10% below current price.
But looks very good for continuation, you jsut have to accept that if consolidation happens you may have to sit through some red before your stop is hit.
So one way to play this could be to enter a double size position on a breakout of friday high and then exit half for some profits straight away, and then let the rest ride.
However the stop will be a problem as we dont really have any daily supports nearby. Closest D HL being at 43.41 which is 20% below. Another closer stop loss you can put is at 49.36, which was friday's low and about 10% below current price.
But looks very good for continuation, you jsut have to accept that if consolidation happens you may have to sit through some red before your stop is hit.
So one way to play this could be to enter a double size position on a breakout of friday high and then exit half for some profits straight away, and then let the rest ride.
Stop loss in
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.
Stop loss in
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.