REC Silicon will soon report news about its production start at Moses Lake, leaving the stock to probably rise from the bottom of its long term box range (between 10 and 20 for years, outliers occurs).
REC Silicon have become the trading favorite at OSEBX (Oslo Stock Exchange) due to its volatility during news runs and Q-reports.
Already bumped its bottom support level twice recently on the Daily chart, and formed a double bottom pattern, trading at the neckline. Long position to get in the game.
Trade Idea: CEST
Condition: Candle to close above the trend channel roof on the Daily Chart
Entry: On re-test of the trend channel line the price just closed above
SL: 9.5
TP: 14
R/R = 2 and 27 % Profit
Note: Price might touch support before reversing to the upside, so please manage risk and entries accordingly
REC Silicon have become the trading favorite at OSEBX (Oslo Stock Exchange) due to its volatility during news runs and Q-reports.
Already bumped its bottom support level twice recently on the Daily chart, and formed a double bottom pattern, trading at the neckline. Long position to get in the game.
Trade Idea: CEST
Condition: Candle to close above the trend channel roof on the Daily Chart
Entry: On re-test of the trend channel line the price just closed above
SL: 9.5
TP: 14
R/R = 2 and 27 % Profit
Note: Price might touch support before reversing to the upside, so please manage risk and entries accordingly