Trade: CBUY Bullish Divergence Oversold Buy Opportunity

Trade: CBUY Bullish Divergence Oversold Buy Opportunity

Snapshot:

CBUY Bullish Divergence Oversold Buy Opportunity
CBUY Bullish Divergence Oversold Buy Opportunity

Reasons For Trade:

  1.  6p acting as a support
  2. RSI is showing bullish divergence
  3. volume increased

Stop Placement:

3.7

Targets:

First: at 1.618 Fib extension i.e. 9.3p

Second: 12 p where previous structure is

Third: 17p where 200 sma and price action gap is

Trade Execution:

Take either multiple positions on each target completions based on market condition or take one position and sell 3 times.

Concerns:

None

Planned News/Events Expected:

Unknown

Post Execution Review:

 

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