First thing first, I do not own nor trade this stock. So do take it with a pinch of salt.
From the weekly chart, it seems to display a triple top formation which is bearish in nature. However, market is irrational and though it is highly overvalued, it could still continue to rally if the demand from buyers is there.
SL above 480 and aim for profit target at 299
From the weekly chart, it seems to display a triple top formation which is bearish in nature. However, market is irrational and though it is highly overvalued, it could still continue to rally if the demand from buyers is there.
SL above 480 and aim for profit target at 299
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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.
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.