MARVELL - increased probability of appreciation
Aligning and approaching fibo clouds give support and impetus to the movement towards the targets described in the chart.
Risk management, an integral and indispensable part of this operation, provides for partial realization at the first target with subsequent movement of the stop loss line at the price that led to entry into the operation.
Risk/Return = 3
Updates on this and other operations will always be provided. Follow our profile if you want to receive them in real time.
Risk management, an integral and indispensable part of this operation, provides for partial realization at the first target with subsequent movement of the stop loss line at the price that led to entry into the operation.
Risk/Return = 3
Updates on this and other operations will always be provided. Follow our profile if you want to receive them in real time.
Trade closed: target reached:
The first target at 76.00 was realized, resulting in a total appreciation of +11.15% in 13 consecutive trading sessions, which is within the average expected in our analyses for the realization of initial targets.
As foreseen in this Risk Management, the stop loss should be immediately moved to the base of the last pivot on the daily chart at 66.80. This action is intended to preserve the partial result achieved and significantly reduce the risk of losses while we search for the final target.
It's worth noting the strong reaction of the candlestick when it reached the target, because that region is recognized as a stop-gain point for profit-taking. All normal. However, this reaction demonstrates the importance of having announced in advance both the points of partial realization of the first target and the final target. This same reaction occurred the day before when we reached the final target at TJX
See our profile for other analyses like this one. Follow us to receive new analyses and all the corresponding updates. If you like it, don't forget to help us with your "Bost" so that these studies can reach more people.
As foreseen in this Risk Management, the stop loss should be immediately moved to the base of the last pivot on the daily chart at 66.80. This action is intended to preserve the partial result achieved and significantly reduce the risk of losses while we search for the final target.
It's worth noting the strong reaction of the candlestick when it reached the target, because that region is recognized as a stop-gain point for profit-taking. All normal. However, this reaction demonstrates the importance of having announced in advance both the points of partial realization of the first target and the final target. This same reaction occurred the day before when we reached the final target at TJX
See our profile for other analyses like this one. Follow us to receive new analyses and all the corresponding updates. If you like it, don't forget to help us with your "Bost" so that these studies can reach more people.
