Long
Euronav NV
Chart pattern: Bull Flag
Entry: Immediately
Stop: 9.30$
Target: 11.32$ (daily chart) or 12$ (1:1 projection of the range)
Risk/Reward-Ratio: > 5:1
Stopmanagement: Parabolic SAR Stops daily chart default settings
Description: The price is at a significant level and a possible break out of a multiyear range is supported by the MACD and the fact that the volume is decreasing during the recent consolidations
Entry: Immediately
Stop: 9.30$
Target: 11.32$ (daily chart) or 12$ (1:1 projection of the range)
Risk/Reward-Ratio: > 5:1
Stopmanagement: Parabolic SAR Stops daily chart default settings
Description: The price is at a significant level and a possible break out of a multiyear range is supported by the MACD and the fact that the volume is decreasing during the recent consolidations
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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.