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Free Stock Pick
Symbol: SGR
Entry price: under $49.00
Stop price: above $49.43 (day trade) or 50.61(swing trade)
Target area: $48 for day trade – open for swing
I love when I find support on several time frames for possible setup. That is case with SGR. We can see on the 30 min chart that SGR forming bear flag what is opportunity for day trade, but it is also opportunity for swing trade because of daily bear flag and third try to break down. If day trade will work that can be trigger for swing trade what could increase risk reward on high level. On the weekly chart SGR forming triangle what is another opportunity for longer swing trade. This is example where all kind of traders (fast, day or swing) can use same stock charts.
Kind regards
Ivica Juracic
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