Good morning traders, welcome to the last day of this 2020. Today, we bring you a stock that we consider to have great upside potential if certain conditions are met.
🔸Well, the first thing to detail is that we can see that from historical highs to the current moment, the price has a parable behavior, where a downtrend is generated, then the price finds a bottom, and the subsequent recovery begins.
🔸Theoretically, this movement leads us to see the price in the historical highs again in the short term.
What should we expect in the short term?
🔸At this moment, the price is facing a strong resistance zone. So first of all, we need this zone to be penetrated to the upside.
🔸Once this happens, two scenarios can occur. First, that the price generates a retest to the broken zone and then continues the upward movement, and the other option is that it is a direct movement towards highs.
🔸What we will necessarily wait for is that correction and retesting to the broken zone, to have a good risk-benefit ratio, and a safe place to position the stop loss.
🔸Well, the first thing to detail is that we can see that from historical highs to the current moment, the price has a parable behavior, where a downtrend is generated, then the price finds a bottom, and the subsequent recovery begins.
🔸Theoretically, this movement leads us to see the price in the historical highs again in the short term.
What should we expect in the short term?
🔸At this moment, the price is facing a strong resistance zone. So first of all, we need this zone to be penetrated to the upside.
🔸Once this happens, two scenarios can occur. First, that the price generates a retest to the broken zone and then continues the upward movement, and the other option is that it is a direct movement towards highs.
🔸What we will necessarily wait for is that correction and retesting to the broken zone, to have a good risk-benefit ratio, and a safe place to position the stop loss.
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.