- SUTM was previously in a huge downtrend till May 2023, followed by an accumulation zone until April this year.
- The stock broke out of this accumulation zone in a powerful manner with strong volume, touching a high of 249.
- After the breakout, the stock entered a corrective channel (marked in yellow) and formed a bull flag.
- Today, the stock broke up from this bull flag, indicating a continuation of the uptrend.
🚨 TECHNICAL BUY CALL – SUTM🚨
- BUY1: 203.68
- BUY2: 196
- BUY3: 186
- BUY4: 176
Target Prices
- TP1: 222.21
- TP2: 236
- TP3: 252
- TP4: 261
Stop loss: 160 DAILY CLOSE
RISK: REWARD - 1:3.75
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
- The stock broke out of this accumulation zone in a powerful manner with strong volume, touching a high of 249.
- After the breakout, the stock entered a corrective channel (marked in yellow) and formed a bull flag.
- Today, the stock broke up from this bull flag, indicating a continuation of the uptrend.
🚨 TECHNICAL BUY CALL – SUTM🚨
- BUY1: 203.68
- BUY2: 196
- BUY3: 186
- BUY4: 176
Target Prices
- TP1: 222.21
- TP2: 236
- TP3: 252
- TP4: 261
Stop loss: 160 DAILY CLOSE
RISK: REWARD - 1:3.75
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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.