Pembelian
$USAP - steel manufacture
Technically, the stock broke out of a flat zone ($5.8-$8.8) in February. On Friday, it bounced off the uptrend line that started in November 20 and the resistance line at $8.93. I expect it to break out of the converging wedge that has been formed since February. Next, a strong level of resistance will be the downtrend line from February 19. The volume profile clearly shows two major zones at $6.8-7.8 and $13.9-15.9, Suggested growth targets:
- The downtrend line at $10.3 (+12.6%) .
- At its breakdown a quick exit to the level of $12.7 (+38.9%) is possible.
- The third target is the level of VWAP at $13.5 (+47.7%).
If bought at the current level I would place the stop below the 200D EMA, i.e. below $8.7 (-4.9%)
It's not trade reccomendation.
- The downtrend line at $10.3 (+12.6%) .
- At its breakdown a quick exit to the level of $12.7 (+38.9%) is possible.
- The third target is the level of VWAP at $13.5 (+47.7%).
If bought at the current level I would place the stop below the 200D EMA, i.e. below $8.7 (-4.9%)
It's not trade reccomendation.
All ideas only for information.
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.
All ideas only for information.
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.