AsimMirzaTrader

VEA - Buy the Pullback?

Long
ASX:VEA   VIVA ENERGY GROUP LIMITED
VEA has strongly moved to the upside, breaking the downtrend line suggesting that the downtrend may have finished. Currently price is pulling back to backtest the broken trendline which may act as a Support Zone. This may provide a very good opportunity to buy the dip around the Buy Zone of $1.850 - $1.920, with a target of the next Resistance Zone between $2.175 - $2.275. I will be buying once bullish price action confirms it with a stop below this swing.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

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