Hi folks, Yurii Domaranskyi here. Let's take a look at the chart.
1. horizontal levels are working good on the stock
2. globally the stock is in a range
3. the price level was confirmed with an approach to the level
4. this is a distant test of the price level
5. approaching level sharply
6. from local high to the level move more than 25%
7. the stock was accumulating the energy in the range for a long time
8. no accumulation near the level
9. the stock closed in more than 1 ATR to the level
10. level of a pullback, from there, was made a new local high
11. the stock has room for a move
12. no descending highs
13. today was a report
14. the price came from the upper border of the range
15. the price may turn in the opposite direction from the level and go beyond the range
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
Please, support our work with ❤️
1. horizontal levels are working good on the stock
2. globally the stock is in a range
3. the price level was confirmed with an approach to the level
4. this is a distant test of the price level
5. approaching level sharply
6. from local high to the level move more than 25%
7. the stock was accumulating the energy in the range for a long time
8. no accumulation near the level
9. the stock closed in more than 1 ATR to the level
10. level of a pullback, from there, was made a new local high
11. the stock has room for a move
12. no descending highs
13. today was a report
14. the price came from the upper border of the range
15. the price may turn in the opposite direction from the level and go beyond the range
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
Please, support our work with ❤️
Comment:
also, pay attention to 38.91$