05.06.2025 / FWRG

Fundamentals. Negative quarterly report

Technical analysis.
Daily chart: Sideways. We mark the levels of 15.0 and 12.90 formed by the trend break in April 2025 and October 2024.
Premarket: Gap Down on moderate volume.
Trading session: The downward movement from the opening of the trading session is stopped at 12.9. The price makes a small pullback after the first touch of the level and is bounded by large limit orders in a narrow range of 12.90 – 13.00. We draw attention to the significant increase in Buy volumes after 10:30 a.m. We are considering a long trade in the counter-trend in case of holding the level of 12.9

Trading scenario: #rebound from the level of 12.90

Entry: 13.09 when exiting upwards from accumulation above the level.

Stop: 12.87 we hide it below the level with a small reserve.

Exit: Cover part of the position before the level of 13.00 (RR 1/8.5), cover the remaining part of the position at a price of 15.5 when the structure of the uptrend is broken (RR 1/11) at the end of the session.

Risk Rewards: 1/9 (1/11 max)

P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.

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