Entry: BUY READY (2.85-2.95) 1st Partial Take Profit: 5.67 (JUNE 2022-AUG 2022) 2nd Partial Take Profit: 6.75 (OCT 2022-DEC 2022) Potential Full Take Proft: 9.93 (Mid YR 2023- Early 2024)
Stop Loss: 1.65-1.70
Technical Analysis 1. Speaker Phone Formation would Indicate a Potential BUY to Take Profit Levels. 2. Inverse Head & Shoulders forming indicating a Potential BUY to Take Profit Levels. 3. Flagpole + Falling Wedge Formed and Done Retracement indicating a Potential BUY to Take Profit Levels. 4. Fibonacci levels indicate a Retracement at Golden Zone (0.786) to Levels 5.67, 6.75, and FInally 9.93 in the Following Years.
Comment
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The market should pullback to 3.45-3.50 range. Look for buy entries around that level!
It'll be past 6.75 this week. I'm hoping for a dip back into the 2's though but don't think that will happen. The stock is to hot.
traderprosignals
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Hi @ronemarshall10! Apologies, our chart is slightly lagging behind as we did this chart 1-2weeks ago in our trading class but due to lack of manpower, we were not able to publish this analysis earlier!