IOLCP - Long - Marabozu formation
IOLCP has re started its magical up ride again after a small retrace. #Positional #Longterminvestment
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD
#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently
Reasons for long:
1) Strong confirmation on the doji with a Marabozu formation
2)Took support from the Pivot and RSI reversing @ 60, both strong indicators of a good reversal
3)The stock fundamentally is pretty strong
Only thing to make sure, that it should open above the high of today. We don't want to start investing at O=H. Mostly gap up as it had strong momentum at EoD
#Disclaimer: Please consult your financial advisor before taking any trade. Always work with stop loss and trail diligently
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.