Bullish Doji Star and Morning Star candlestick pattern on URC, a potential reversal signal (either a new trend may develop or consolidation will follow). Its also a potential sign of a bottom.
*RSI coming off from oversold territory - a bullish signal.
*Immediate resistance at 193.
Trading Plan
- Accumulate near the recent bottom for a position trade.
Hi sir, I bought this at 205 I was planning on buying it again at 190 to 192 range. Do you think this will be a good move? If I buy at that range what would be my price per stock now?
ReplyDeleteFor short term trades, entry near 193 resistance carries a higher risk already in terms of risk/reward ratio with 205~210 as near term target. Best to accumulate near the the recent reversal pattern's bottom. That said, below 190 looks good for a medium term position trade.
DeleteNice one sir.. I've decided to wait for the price to come around 207 up and from there i will sell it and will buy again at a low price.
ReplyDelete