NCR is in progress of completing its inverted head and shoulders pattern The right shoulder is all that is left to form This is usually a bullish formation and I expect price to move up through the larger up channel
NYSE:NCR Possible Scenario: LONG Evidence: Price Action Call options, Strike 44$, 05/21/21 This is my idea and could be wrong 100%,
NYSE:NCR excellent risk-reward ratio in this trade
Will this be a new buy? My play will depend from $17, but i belive it will soar. What do you think?
As show on chart, price may want to complete the 5-Wave development and drive to approximately 55 per share. Will long next week, targeting 55.70 per share with SL set at 29. Notice also a bounce from ML of a Fork which is being in play since many years ago.
NCR seems in a corrective phase. Possible breakout of previous top or retrace before the next wave up. Expected target on chart.