ATLAS – Stock Trading
ATLAS FINANCIAL HOLDINGS INC NASDAQ:AFH
Here is another market for testing. Using the screener I search for the oversold markets where RSI is below 20 or 10 level. Based on this parameter, we have ATLAS market with a possible trading opportunity. The price dropped a lot based on the fundamental news and the market reached 2.00 support level .
Pending orders for buy can be placed at 4.00 level – it’s above the highest price of the combination of candles. Stop orders can be placed below 2.00 support. Profit targets are at 8.00 and 15.00 levels but it’s possible to use any other resistance level for fixing profit.
As I test different variants for picking the most interesting market for trading, I’m not sure in the trading results. It means I don’t advice you to use this trading idea for opening positions. But for watching and learning – this post can have value.
Source: TW DLavrov