Relaxo Break Out and Retest

٢٥ نوفمبر ٢٠٢٠

Relaxo Footwears have broken out of the Channel/Triangle pattern and has retested the breakout area. Entered long with strict stop loss. If going further below, better to exit without a second thought.

Possible target just below a recent resistance area.

٢٦ نوفمبر ٢٠٢٠

ملاحظة

Relaxo seems to have held the support. A good green candle formed.

٣ ديسمبر ٢٠٢٠

ملاحظة

The trendline with the higher slope has been broken downwards today. Let's see if Relaxo can take support on the upper line of the channel.

٨ ديسمبر ٢٠٢٠

ملاحظة

Relaxo not giving a clear clue about the next move. Even while the market is highly bullish, Relaxo is very sluggish. Holding the support line. There's still hope for a positive move.

١٣ ديسمبر ٢٠٢٠

ملاحظة

Held the support really well. Jumped up with a good bullish candle.

١٧ ديسمبر ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

Hit the target right after market opening