"STLA" (Stellantis) Buy Opportunity at Strong Support

2024年10月30日

Ticker: STLA (Stellantis)

Long Entry: Near current support level

Target: All-Time High (ATH), could be splitted

Stop-Loss: Just below current LOW

Risk-Reward Ratio: ~1:24

Analysis:

Stellantis (STLA) has pulled back to a strong historical support level, aligning with an old bullish trendline that has served as a base for previous upward movements. This confluence of technical factors indicates a solid area for potential long entries with limited downside.

The current setup offers an exceptional risk-to-reward ratio of approximately 1:24, as we're positioned near support with a clear path to the last higher high at the ATH level. As long as support holds, a move towards ATH is likely, fueled by a reactivation of the prior bullish momentum.

Key Notes:

Risk management is crucial: The close stop-loss limits downside exposure, and the target offers substantial reward potential.
Confirmation on support strength would reinforce the setup, adding confidence to the upside.

Disclaimer: This is not financial advice. Please do your own research or consult a financial advisor before making any trading decisions.

2024年10月30日

交易進行

I forgot to mention, volume has also increased, signaling renewed buying interest and adding strength to the bullish setup.

2024年11月2日

交易結束：達到停損點

Yesterday, the stop-loss was triggered with a 4.63% loss. Not a big issue—losses like this are part of the game and a normal aspect of a solid risk management strategy.

2024年11月2日

交易進行

Today, after seeing a rebound, I decided to re-enter the position with the same size. The setup still looks promising, and I’m ready to see where this move takes us!

2024年11月19日

註釋

The stop loss was triggered on STLA. I’ll be watching closely over the next few weeks to see how things unfold.