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AhKeongTheTrader

IPG (INTERPUBLIC GROUP OF COMPANIES, INC.) - False Break

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Interpublic Group of Companies, Inc. (The) (NYSE:IPG)  
AhKeongTheTrader Diupdate   
NYSE:IPG   Interpublic Group of Companies, Inc. (The)
Support and Resistance Candlestick Analysis Moving Averages
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supportandresistance candlestick movingaverage
Market structure: Uptrend, price might retest previous resistance turn support, price respecting 50MA
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing

To look for trading opportunities when price retest previous resistance turn support at around 34.30 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Trailing stop

Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
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