As @shermaine2000 asked, here are my thoughts about SRGA!
It lacks the same liquidity of other stocks, but we can find something to guide us here. First, we have a bullish pattern today, and a pivot at 1.53 and a support at 1.32. To the side it breaks, we’ll see some very good movement next.
My opinion? If it breaks up is more interesting, because the risk reward ratio is much better. We are at support levels, and we are closer to the 1.32 than the 1.53, making it long trades more attractive to me. If it breaks the 1.53, the 1.96 is the target!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
It lacks the same liquidity of other stocks, but we can find something to guide us here. First, we have a bullish pattern today, and a pivot at 1.53 and a support at 1.32. To the side it breaks, we’ll see some very good movement next.
My opinion? If it breaks up is more interesting, because the risk reward ratio is much better. We are at support levels, and we are closer to the 1.32 than the 1.53, making it long trades more attractive to me. If it breaks the 1.53, the 1.96 is the target!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.