Swing trade - daily charts (Trading in channel)
PGHH is trading in a channel that is marked in the above chart. At this moment, the stock is at a very crucial level i.e. trading at the lower end of the channel. We have multiple reasons to go long here:
1. Currently taking support at 100 MA.
2. In an uptrend and trading in the marked channel.
I think if we see a green candle here, it's a great opportunity to go Long with a nice risk-reward of 1:2. Targets can be achieved within the next few weeks only considering the past performance.
1. Currently taking support at 100 MA.
2. In an uptrend and trading in the marked channel.
I think if we see a green candle here, it's a great opportunity to go Long with a nice risk-reward of 1:2. Targets can be achieved within the next few weeks only considering the past performance.
Сделка активна:
Nearing stop loss. Keep the strict SL at 12710