nur16i

SDC

Long
NASDAQ:SDC   None
After entering the IPO, the paper formed a classic movement - a correction with the formation of an upward pattern - reverse H&S, and has already broken through the neck level. The paper is now retesting the neck (see the yellow circle), and there is a good level of support (turquoise line), which together with the neck line form a falling wedge. It is expected that these patterns will break upwards and the targets indicated by the green dotted lines will be fulfilled. The nature of the price movement is indicated by two arrows. When the historical maximum is reached, it is recommended to look at what patterns the security will form and from there make a decision to continue or exit the position.
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