This analysis was requested by my followers. This stock had a very good performance over the previous months.
As we can see the price created a very nice "Inverse Head & Shoulder" pattern that may reverse the direction of the trend.
Price broke out of the neckline already and now we need to wait for the price to test the neckline near $5.25 before considering to buy. It is not supposed that we should jump in the trade only because the price may test the neckline, so please wait for any reversal signal.
Targets:
$5.86 or 11.62%
$6.33 or 20.57%
$6.77 or 28.95%
Thank you and Good Luck!
As we can see the price created a very nice "Inverse Head & Shoulder" pattern that may reverse the direction of the trend.
Price broke out of the neckline already and now we need to wait for the price to test the neckline near $5.25 before considering to buy. It is not supposed that we should jump in the trade only because the price may test the neckline, so please wait for any reversal signal.
Targets:
$5.86 or 11.62%
$6.33 or 20.57%
$6.77 or 28.95%
Thank you and Good Luck!
Note
Be careful here as indexes can pull the price lower than $ 5.25
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t.me/TradingPuzzles
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t.me/KlejdiCuni
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youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.