Screenshot from Yahoo finance Timeframe 1D FEYE
R1 - 16,40
TP - 19,63
Graph analysis
How you can all see the price went through R1 line which is resistance line so you could go into long positioning. In this moment I think it's the best option here.
Long position
Now is up trend how you all can see, the price went through resistance line. So I will not even write about short positioning.
Summary
Now is a tip for everyone who is in the long position. You all could take profit somewhere near the blue line. Why you all should take profit somewhere near blue line ? Because there could form price channel what could be really bad for you all ! Also, you could go through the blue line.
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspire from me !! But if you lose money I will not give you money back and no one will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for an informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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