- Fundamentally good stock. Jump in profits in most recent QR. Discounted cashflow (5%) fair value - 2.59.
- Nearing the end of the long term downtrend channel. Price already rejected an ST, possibly a Spring. Now showing signs of strength.
- Strong resistance at 1.60 - MA200, at previous support becoming resistance.
Trading plan:
EP: 1.26-1.28
SL: 1.23 (tight)
TP1: 1.60 (25% upside, 6.4 RRR)
- Nearing the end of the long term downtrend channel. Price already rejected an ST, possibly a Spring. Now showing signs of strength.
- Strong resistance at 1.60 - MA200, at previous support becoming resistance.
Trading plan:
EP: 1.26-1.28
SL: 1.23 (tight)
TP1: 1.60 (25% upside, 6.4 RRR)