ARADEL stock is giving a long signal by having bullish divergence on awesome oscillator using the weekly timeframe. Last week candle closed as a bullish candle after a bullish engulfing candlestick formed in the previous week. This happened at a support level which also has a trendline. In addition, there was a breakout of a down trendline. Confirming that buyers are ready to push the price higher.
To take advantage of this long signal, you can buy at the current market price. Stop can be at N467.5 (-10.11%) while the targets are N666 (27.92%) and 850 (63.43%).
Confluences for the long idea:
1. Awesome oscillator bullish divergence
2. Bullish engulfing candlestick confirmation
3. Support
4. Trendline breakout
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
To take advantage of this long signal, you can buy at the current market price. Stop can be at N467.5 (-10.11%) while the targets are N666 (27.92%) and 850 (63.43%).
Confluences for the long idea:
1. Awesome oscillator bullish divergence
2. Bullish engulfing candlestick confirmation
3. Support
4. Trendline breakout
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.