Hello all,
Here another TA of me, this time on the stock Altice.
Scenario 1 (Green arrows)
Forming new Higher Highs and Lower Lows. The cirkels showing a new Higher High and new Higher Low. This is needed to reverse the trend and break out of the currently ranging trend. A new Higher High in the area of € 4,50 will confirm the up trend.
Scenario 2 (Orange arrows)
The last break out from the range channel was just a fake out and price will continue moving in a range between € 3,30 and € 4,05. If so, this stock has a nice range where you can swing trade.
Scenario 3 (Red arrows)
The price will move further in current range and break out to the downside. After this it will retest the south side of the range channel to go further downside to the area where it was during the big push phase because of COVID fear.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.
This is just my view and opinion and in the end you always decide for yourself.
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)
Here another TA of me, this time on the stock Altice.
Scenario 1 (Green arrows)
Forming new Higher Highs and Lower Lows. The cirkels showing a new Higher High and new Higher Low. This is needed to reverse the trend and break out of the currently ranging trend. A new Higher High in the area of € 4,50 will confirm the up trend.
Scenario 2 (Orange arrows)
The last break out from the range channel was just a fake out and price will continue moving in a range between € 3,30 and € 4,05. If so, this stock has a nice range where you can swing trade.
Scenario 3 (Red arrows)
The price will move further in current range and break out to the downside. After this it will retest the south side of the range channel to go further downside to the area where it was during the big push phase because of COVID fear.
Before you choose to buy and hold a stock, always do your homework on the fundamentals. TA can help you by choosing a good moment and price to buy the stock.
This is just my view and opinion and in the end you always decide for yourself.
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)