TANTALIZER LONG IDEATANTALIZER stock is looking promising. There was a bullish divergence on the awesome oscillator (daily timeframe), which was followed by a bullish change of character. This is a confirmation that the stock is ready to go higher. Price has recently dropped to the demand zone confluenced with trendline and support level, which is a good point to take a long position. After mitigating the demand zone, there was a rejection showing that buyers are willing to push price higher.
To take advantage of this long opportunity, one can buy at the current market price. The first target is N2.99 (24.58%) and the final target is N3.45 (43.75%). The stop can be at 2.10 (-12.50%).
Confluences for the long idea:
1. Bullish market structure
2. Trendline
3. Awesome oscillator divergence
4. Rejection candle
5. 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.
