In case of break out the target and stop are shown by the "long position" element. The actual target is much higher but recently the market is erratic and consistently fails to reach conventional targets, so the suggestion is to use reduced targets. To make this chart clearer, click "share" > "make it mine".
Hey Traders, I shared an idea regarding the Dow Jones back on June 9th 2017 & in that idea, I stated that the Dow was forming an Ascending Triangle. I placed a yellow zone on the chart in that idea to illustrate where traditional targets for the Ascending Triangle should be.. The Dow has managed to breakout of the Ascending Triangle formation & has shown the ...
Hello everyone Here is my analysis on the DCTH stock. For me it looks very bullish because of the ascending triangle. As I think we will reach new All time highs soon! Dont forget all the news, and the thing that people say they maybe get delisted. I don't think so, I think their drug will get FDA approved. Please do also your own DD. Thanks :)
We formed an ascending triangle as we approached resistance at $6.60. We have appeared to break above the top level in a bullish manner which could result in a bullish afternoon if we do not retrace back below $6.60. Hopefully, this trend will continue throughout the end of the day and into next week. https://www.tradingview.com/x/7iCvmz1W/