Technical analysis by GTradeTN about Symbol ILV: Buy recommendation (12/3/2023)

Analysis by SK System Current Price: $111 The recent correction from the vague B-C has reached the ideal level for a bullish reversal, pointing towards a potential upswing to $117 or even $119. The price is currently positioned at $111, and historical data suggests that a turnaround is imminent. Key Points: Correction Level: The correction of the vague B-C has reached a significant level, indicating a potential shift in market sentiment. Upside Potential: Anticipating a bullish reversal with a target range of $117 to $119. Risk Management: Implementing a stop-loss at $109.2 to mitigate potential losses and adhere to a disciplined risk management strategy. Trade Details: Entry Point: Current market price ($111) Target Price: $117 to $119 Stop-Loss: $109.2 Risk-Reward Ratio: 3.6%