Lovable - Moving in a channel

Chart source : Odien

Lovable is moving in an channel & has Fib support @ 372, which incidentally is at lower end of the channel.
Entering a trade with stop loss of 267 for target of 499 which happens to be very important 61.8% fib level. It also coincides with the upper end of the channel.

Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.