EQTEC PLC ORD EUR0.01(CDI)Pembelian
#EQT - Channel based long.
#EQT - Channel based long.
TA Rationale for buy - I looking for a replication of the bounce off the lower channel and RSI increase - Feb 20 bottom @ 5.25p to Feb 28 top @ 9.25 (see first green arrow).
Fundamental rationale for buying - placing at 6.5p overhang and sell bias appears to have cleared and ask price continued to rise throughout the session.
Entry 6.8p, Stop 5.7p & target of 10p gives a R:R of 1:3 (L17% vs P50%).
Although at the lower end of my typical R:R ratio, I believe bulls favour the bears here although caution should be applied circa 8p incase of potential H&S pattern to the downside.
TA Rationale for buy - I looking for a replication of the bounce off the lower channel and RSI increase - Feb 20 bottom @ 5.25p to Feb 28 top @ 9.25 (see first green arrow).
Fundamental rationale for buying - placing at 6.5p overhang and sell bias appears to have cleared and ask price continued to rise throughout the session.
Entry 6.8p, Stop 5.7p & target of 10p gives a R:R of 1:3 (L17% vs P50%).
Although at the lower end of my typical R:R ratio, I believe bulls favour the bears here although caution should be applied circa 8p incase of potential H&S pattern to the downside.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.