🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
In SIKA always before big movement they trade in sideways few weeks. now again they give breakout Add 380/360 we seen 411/444/477/512+ Note : all views are education purpose only.
• Reached the target price from the pennant formation which was built up beginning august • Short-term and long-term upward trend is still intact • It is up to you stay long or to take the profit
• The stock just left the pennant formation on the daily chart (left side) • Positive sign from the 100 moving average which crossed the 200 moving average • New price target at around CHF 235.70 • Nice upside trend on the weekly chart (right side); supported by the upside trendline