Trendline Support: The stock has touched a key trendline, indicating potential support. Green Candle Formation: A bullish green candle has formed, signaling buyer interest. RSI Oversold Zone: RSI is below 40, suggesting the stock is in an oversold territory. Buying Opportunity: This combination indicates a potential reversal to the upside. Volume Confirmation: Look for increased volume to strengthen the bullish signal. Risk Management: Place a stop-loss just below the trendline to manage risk. Entry Point: Enter the trade near the trendline once conditions are confirmed. Target Profit: Set a realistic target based on previous resistance levels. Monitor RSI: Watch for RSI to rise above 50 to confirm momentum. Stay Alert: Always review market conditions before making a decision
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