Two double tops can be identified along the top line
A lower line plotted parallel to this curved line allows for a possible bottom point which coincides with 2.618 Fibonacci circle, which was seen as a level of support. This could also be marked as 0.
A middle line (0.5) hosts the bottom for another double top structure, lets see if the recovery pattern in green...
This stock break uptrend and dropping without any bounce back guys.
We should not invest right now, you can share money buy in Buy zone 1 and 2 for more safe.
Thanks for reading and good luck guys!
Hey guys, so LEA has great long term bullihs trend and was consolidate for a few weeks ( distrubition phase) with low volume and today it broke out with good volume and there was a nie gap at the open also. The candle finished strong and i bough it at the end of the day. Also yesterday people were trying to sell from the the resistance so all these people who sell...
If these two formations comprise a cup and handle the target will be much higher. I'd play for Butterfly first. If it holds, go for CnH (tgt not shown)
Lear Corp broke through a rising trend not only on the price chart, but also on the RSI barometer chart. This is a strong signal indicating the development of deep correction, which is aimed at closing the gap at USD 86. The intermediary target is USD 92. If the gauge rebounds from this level, investors are advised to open short positions.
My forecast...
Shares of auto parts maker Lear Corporation (NYSE:LEA) have basically been in a free fall. The equity made a high of $103.74 on September 8 and has since plummeted by nearly 20%. This stock is now starting to come into some good support levels as the daily 200ma is being tagged. Although the 200ma should help ease the fall of Lear Corporation (NYSE:LEA), I will...
