Hello & welcome to this analysis
After a very strong uptrend the stock went into a consolidation to form a cup & handle pattern, the handle being completed now in the form of a triangle.
As long as it does not break below 640 it has a high probability of breaking above the trendline at 700 for targets of 800 / 875 / 950
Good risk reward set up at the moment.
All the best
After a very strong uptrend the stock went into a consolidation to form a cup & handle pattern, the handle being completed now in the form of a triangle.
As long as it does not break below 640 it has a high probability of breaking above the trendline at 700 for targets of 800 / 875 / 950
Good risk reward set up at the moment.
All the best
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
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Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.