$Loma Negra (LOMA.US)$ ๐ The stock, currently close to its...
The stock, currently close to its 52-week high with significant recent price movements, displays moderate risk primarily due to a lack of positive catalysts and weak sector interest. While the company's financials provide some stability, non-existent news momentum and a less-appealing sector balance this. The stock does establish clear support levels, reducing some volatility concerns. However, the higher P/E ratio compared to competitors suggests overvaluation that could correct. Thus, the risk assessment remains moderately due to these offsetting factors. $Loma Negra (LOMA.US)$ trading opportunity primarily around price action rather than intrinsic business performance. However, traders should monitor broader market conditions closely given how changes may impact the trading strategy and reconsider exposure if conditions shift.
Key Levels :
Key Resistance: Approximately 9.29, at the 52-week high from recent data.
Support Level: Clear support is around 7.25, derived from past consolidation marks.
The resistance level reflects a high point recently achieved, indicating potential barriers to further price increases. The support level represents a base point that has been tested historically, signifying a price where buying interest increased
Support Level: Clear support is around 7.25, derived from past consolidation marks.
The resistance level reflects a high point recently achieved, indicating potential barriers to further price increases. The support level represents a base point that has been tested historically, signifying a price where buying interest increased
Trading Stretegy
Bias: Long
Entry consideration: $9.50
Robust profit target : $11.755
Stop loss price: 8.877
Risk:Reward: 1:3.62
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#part time trader trying so hard to make full time income whatever strategy works then I donโt have to work anymore.
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