BUY ENTRY: 1206 GBX TARGET: 1021 GBX (+ 18% profit) STOP: 910 GBX Ceres Power Holdings is a UK based company active in the field of fuel cell technology and engineering. 1.) Current support at 986.0 GBX appears to hold. That enables a buying opportunity. 2.) The profit expectations have been revised downwards significantly in recent months. Therefore, I only...
1) After Bearish domination, Probability of Long is more because of Pin bar at S/R level. 2) The price is still above 200ema.
Ceres has broken out from resistance of 12.9p and is now on the next bullish leg up.
Not a long flagpole, but this is a bullish formation and might lead to a breakout. Wait and see.
A genuine breakout, or will it be sold back down to 8-9p? Wait and see.