Heromotoco breakout + consolidation
Heromotoco has been falling like a meteor in the past months and now looks to have made a bottom
It has retraced 50% on the weekly timeframe.
RSI is bullish but for now oversold so we might see some consolidation
MACD is above the signal line.
Bounced back of 50% fib level.
Sitting on 200 MA cluster.
Buy above - 2841
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
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It has retraced 50% on the weekly timeframe.
RSI is bullish but for now oversold so we might see some consolidation
MACD is above the signal line.
Bounced back of 50% fib level.
Sitting on 200 MA cluster.
Buy above - 2841
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
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