JOHN HOLT stock retested a support level and trendline last week and closed above these key levels, showing the readiness of buyers to push price higher. This was confirmed with a strong volume momentum.
To take advantage of this long signal, you can buy at the current market price. The stop can be at N5.75 (-20.14%) while the targets are N10 (38.89%) and N10.95 (52.08%).
Confluences for the long idea:
1. Breakout and retest of a trendline
2. Uptrend
3. Strong volume momentum
4. Support level
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. The stop can be at N5.75 (-20.14%) while the targets are N10 (38.89%) and N10.95 (52.08%).
Confluences for the long idea:
1. Breakout and retest of a trendline
2. Uptrend
3. Strong volume momentum
4. Support level
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.