In 2014 and 2015 the stock price of this company show problems to reach and close above the 110.00 level then he did a considerable correction between 2015 and 2016
then from July 2016 to January 2018 try again to reach this level beating shyly the 110.00 level and going up around 112.00 to 114.00, the price try in three occasions to beat that level and nothing happens.
Now in our days the past week, the price drops breaking a bullish trend line with a gap (Look the daily Chart) wait for a pullback after the gap.
104.00 is now a key support level
Targets is not my job, my job is to find this kind of pattern and put in the desk of Traders and Managers.
Position sizing, stop loss and targets vary from reader to reader
then from July 2016 to January 2018 try again to reach this level beating shyly the 110.00 level and going up around 112.00 to 114.00, the price try in three occasions to beat that level and nothing happens.
Now in our days the past week, the price drops breaking a bullish trend line with a gap (Look the daily Chart) wait for a pullback after the gap.
104.00 is now a key support level
Targets is not my job, my job is to find this kind of pattern and put in the desk of Traders and Managers.
Position sizing, stop loss and targets vary from reader to reader