COGT has been trading in the range during 7 months.
Being close to the support it gives an opportunity to buy it with a tight stop-loss just below the support level.
Potential profit:
1) 40-50% if bought close to the support at 8.40 and sold as close as possible to resistance at 13.28.
But I would not bet on buying cheaper than 9.00 as it is where it meets MA200, which may give further support to it.
2) 100%, if it breaks the range and heads higher. Target - height of the range.
Being close to the support it gives an opportunity to buy it with a tight stop-loss just below the support level.
Potential profit:
1) 40-50% if bought close to the support at 8.40 and sold as close as possible to resistance at 13.28.
But I would not bet on buying cheaper than 9.00 as it is where it meets MA200, which may give further support to it.
2) 100%, if it breaks the range and heads higher. Target - height of the range.
Not
buying today
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.