Bull and Bear

[ INARI ] Hot Stock Of The Day _ 5-Feb-18 _ Hammer Spotted !

Hot Stock Of The Day 
5-Feb-18 #HSOTD 
INARI
..
.
.
.
INARI,.... we choose this stock because... Hammer spotted...
.
click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/915634821929719/?type=3&theater

 

.
lets see!
.
.
.
.
as per previous post, we have stated few Support levels...
3.19 , 3.05, 2.91.. and our advise was wait until bull come back at this region.. although it didnt hit our ultimate Entry .. which at 2.90... short term traders may look for Entry with a SL at today's LOW... for long term investor, may look for first phase collection (remember the rambo theory? dont use all of your bullet..)
.
.
.
SL if price unable to hold above 2.80....
.
.

if support broken, it could go to find next support at 2.6x
.
.
.
Resistance to watch
3.40 next 3.80
..
.
.
Long Term view:
Bullish
.
Mid Term View :
Slightly bearish , weakening
.
Short Term View:
BEarish, but potential reversal (if today low holds)
.
.
.
We are Only slightly Bullish on this counter...
.
.
.
indicator
Moving Average : mixed to slightly bullish
MACD : slightly bearish (wait to cross up)
.
.
.
.
for short term trader, can consider to enter at support and TP at resistance
.
.
.
.
in text book trading, it would need to look for second day bullish candle to enter.. 
... so depends on our risk tolerance n trading strategy...
.
.
..
.
.
.
Disclaimer :

Please be informed that our stocks pick are solely for education purpose ; it is neither a trading advice nor an invitation to trade.

For trading advice, please speak to your remisier or dealer representative.

you are responsible for your own risk management
Do Your Own Due Diligence 
.
.
May the trend be with you!
.
.
Trade Safe!

follow our page for more updates!

https://www.facebook.com/KLSELION/

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment