Richemont - Buy/Long Idea
Retraced to find support at the 61.8% Fibonacci retracement zone + clearing upper boundary of short term channel + reclaiming near term moving averages + 14-day RSI just above the 50 level. Please note: Earnings on 11 November creates an 'event risk'.
Preferred Entry: Currently ~18015c
Stop-loss: 17350c
Target: 20200c
Initial recent long was below 15000c in May when it dropped substantially following it's earnings release.
For more research, including trade ideas, get in touch today.
Preferred Entry: Currently ~18015c
Stop-loss: 17350c
Target: 20200c
Initial recent long was below 15000c in May when it dropped substantially following it's earnings release.
For more research, including trade ideas, get in touch today.
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