💡 Swing setup idea
Resistance retest / double bottom breakout
🔎 Analysis summary:
The stock crossed above the 50 SMA and reached the resistance area again . We can also see a closing of a double bottom structure, with the upside potential projected by the depth of the pattern from the breakout point.
👀 Levels to watch:
Entry trigger: Break above $429.55
Target: $500.65
Stop: Under the breakout level
💬 Will the stock break through resistance this time? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
Resistance retest / double bottom breakout
🔎 Analysis summary:
The stock crossed above the 50 SMA and reached the resistance area again . We can also see a closing of a double bottom structure, with the upside potential projected by the depth of the pattern from the breakout point.
👀 Levels to watch:
Entry trigger: Break above $429.55
Target: $500.65
Stop: Under the breakout level
💬 Will the stock break through resistance this time? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
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ko-fi.com/c/82990ede9f
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Follow for more swing setups & market analysis!
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.