We are currently at a strong support level (16.82). If it manages to bounce back from these levels, it could be a very good risk-reward trade (1.95).
The main reason I am bullish on the midterm is:
>RSI indicator shows; it is oversold.
>It is up-trending ( started in 03.18).
>1.95 risk-reward ratio
Target price in the short term: 19.20 (+13.20%)
>If the bullish trend continues, target between 20.60 and 22.39 (+20-28%)
IF it breaks down: stop -loss at 16.50
The main reason I am bullish on the midterm is:
>RSI indicator shows; it is oversold.
>It is up-trending ( started in 03.18).
>1.95 risk-reward ratio
Target price in the short term: 19.20 (+13.20%)
>If the bullish trend continues, target between 20.60 and 22.39 (+20-28%)
IF it breaks down: stop -loss at 16.50