Cup & Handle
This broke out and experienced a throwback.
The throwback sent it back down to below long entry level.
Volatile but we trade at our own risk.
It does seem this is a stock one should slip in and out of, collect profit and move on, but who knows?
Throwbacks differ from pull backs. Pull backs are natural and are considered healthy.
Throwbacks can hurt performance and occur when a security has issues holding on to the break out price and throw back to beneath the long entry level in a quick manner.
No recommendation.
This does look like a CUP with a rounded bottom and does not have a pointy W at the bottom of the cup that I can see. Any pattern can fail/price is just below the .618 of the trend up.
This broke out and experienced a throwback.
The throwback sent it back down to below long entry level.
Volatile but we trade at our own risk.
It does seem this is a stock one should slip in and out of, collect profit and move on, but who knows?
Throwbacks differ from pull backs. Pull backs are natural and are considered healthy.
Throwbacks can hurt performance and occur when a security has issues holding on to the break out price and throw back to beneath the long entry level in a quick manner.
No recommendation.
This does look like a CUP with a rounded bottom and does not have a pointy W at the bottom of the cup that I can see. Any pattern can fail/price is just below the .618 of the trend up.
Comment:
Former parabolic arc that is residing between the .618 and the .786 of the very long trend up
Comment:
There are folks I know that so bullish on MRNA it is like crazy. They may be right. Trade at your own risk.
Personally I think life will go on with or without MRNA.
Since this was a parabolic arc before falling so much, it will possibly remain volatile.
At anytime, me or you could simply fly away (>'
Personally I think life will go on with or without MRNA.
Since this was a parabolic arc before falling so much, it will possibly remain volatile.
At anytime, me or you could simply fly away (>'
Comment:
1-18
Trying to break up from Cup and Rectangle
Trying to break up from Cup and Rectangle