TEL (Telenor), Norway's biggest telecom company about to make a push to new highs.
On the 1H TEL just breached the level I wanted to see a small retracement from and is now finding support on it. We could either see a push up from where price is right now, or we could retrace down to the initial supply zone I had in mind.
Either way, I've still got resting orders in the 160.5 zone.
4H:
On the 1H TEL just breached the level I wanted to see a small retracement from and is now finding support on it. We could either see a push up from where price is right now, or we could retrace down to the initial supply zone I had in mind.
4H:
Trade closed: stop reached:
Stopped out on this, Made a little bit of profit, but starting to look spooky for Telenor. Still valid to long if opportunity opens up.