A price action above 44.00 supports a bullish trend direction.
Increase long exposure for a break above 47.00, that overlaps with its 23.6% Fibonacci retracement level.
Teh target price is set at 49.00, just below its 38.2% Fibonacci retracement level.
The stop-loss price is set at 43.00.
Recently the stock corrected from oversold territory.
Might we see?
1. Upward correction (favour this).
2. Sideways price action
3. Further decline
Results are due on 2 November and remains a very risky trade.
Increase long exposure for a break above 47.00, that overlaps with its 23.6% Fibonacci retracement level.
Teh target price is set at 49.00, just below its 38.2% Fibonacci retracement level.
The stop-loss price is set at 43.00.
Recently the stock corrected from oversold territory.
Might we see?
1. Upward correction (favour this).
2. Sideways price action
3. Further decline
Results are due on 2 November and remains a very risky trade.