PROSUS is one of the most interesting EU stocks (+30%)🟢 PROSUS is one of the most interesting EU stocks (+30%)
EURONEXT:PRX is one of the most interesting stocks in the EU, investing in small projects with large potential and also some consolidated projects like tencent.
✅ What pattern is unfolding in EURONEXT:PRX ?
PRX traded over a previous resistance level (big blue line) and now we are see a pullback to the previous resistance.
💰 How to trade this chart pattern?
Buying near the blue support is a very good idea because you can have a potential of up 6 times your risk (30% benefits vs 5% risk)
If not, buying over the next green resistance could be a nice option because is a signal of bullish sentiment and then we will not see the price near the blue line. If you buy there, adjust the stop!
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 7% TP for 5% SL (see the chart)
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 30%.
✴️ ENJOY AND FOLLOW for more 😊
