OVERBOUGHT on daily RSI
The second one has not formed a handle..
You can calculate targets by subtractiong cup low from cup high, then take that number and either use fib levels .0382, .0618 and .0786 for targets one. For targets 2. you can use 1/100% 1.27 and 1.61 fib levels. You can calculate fib levels by multiplying that number by these numbers or adding a fib level chart at long entry level. Long entry level is a smigeon above cup high to avaoid resistance..
No bearish rising wedges noted in yearly chart..
Not a recommendation
There is large player buying and a high relative strength on this stock..short interest on the high side..
Buy red/sell green (o:
The second one has not formed a handle..
You can calculate targets by subtractiong cup low from cup high, then take that number and either use fib levels .0382, .0618 and .0786 for targets one. For targets 2. you can use 1/100% 1.27 and 1.61 fib levels. You can calculate fib levels by multiplying that number by these numbers or adding a fib level chart at long entry level. Long entry level is a smigeon above cup high to avaoid resistance..
No bearish rising wedges noted in yearly chart..
Not a recommendation
There is large player buying and a high relative strength on this stock..short interest on the high side..
Buy red/sell green (o:
Comment:
Scallop