ALAM testing Support

As mention in the previous post and hope all friend listen to the entry price and did not get trap

Entry Price -  1.15  ( Risky)
                     1.18  ( Safe)

Stop Loss -    1.08

Take Profit - 1.25(R1) and 1.3(R2) Short Term
                     1.5 (R3) long term


Today, Alam does not look good and went down badly

Observation
1) Trend Line - Downtrend ( Bearish)
2) HH - Broke below the previous higher low at 1.1 ( Bearish)
3) MACD - Bearish but check for any potential rebound with 4R1G
4) RSI - Dipping downwards ( Bearish)
5) ADX - Normal Momentum and Bearish


Conclusion
Stop Loss -    1.08 and below Run and wait for next support at 0.98

Take Profit - 1.25(R1) and 1.3(R2) Short Term
                     1.5 (R3) long term