demyanchuk
Long

Falling wedge - the end of longer consolidation?

NASDAQ:LPNT   LIFEPOINT HEALTH INC
The chart shows the next picture:
- after the breakout of local inclined resistance the price moves mostly in 60.00-75.00 horizontal channel
- evident falling wedge formation
- current attempts to breakout pattern's resistance

The recommendation is to buy

Entry point 67.00 (this price is going to be a confirmation of the signal)
Stop-loss 64.90 (-2 tics under 64.92 low of current fractal )
Take profit 75.00 (strong resistance level )
Risk/return ratio 1:3
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out