Qatar Insurance to test support at 2.32 then rebound to 2.40
On the daily chart, the stock could not cross the resistance line, and is probably going to test the support at 2.32.
Above 2.40, the target will be 2.60 and 2.67
Below 2.32, the target will be 2.07 and 1.98
A second scenario, up directly. Buy now, and stop loss at 2.35 should be considered.
Another trading session is needed to confirm direction!
Above 2.40, the target will be 2.60 and 2.67
Below 2.32, the target will be 2.07 and 1.98
A second scenario, up directly. Buy now, and stop loss at 2.35 should be considered.
Another trading session is needed to confirm direction!
Please consider raising your profit protection level (stop loss) as the stock goes up.