BE0974256852 - Common Stock
We assign a technical rating of 7 out of 10 to COLR. COLR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, COLR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 25.94, a Stop Loss order could be placed below this zone.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @26.41. This is a Buy Stop order right above the resistance zone.||An exit @24.64. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 1.77 points, which is 6.70%.||When investing 14.92% of your capital in this trade, your total portfolio risk will be 1.00%.|
EBR:COLR (3/29/2023, 7:00:00 PM)+0.34 (+1.32%)
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