We had a movement in a quite well defined channel that turned to a falling wedge. Since we are reaching long term support we should believe that bottom is in....
Ideal upside target is 38 but I'll likely take the trade off when the Daily stochastics get moving towards 50/60.
Clear oscillating trend, I will enter anywhere <41 and exit anywhere >45
First target R:R isn't bad, may retrace more.
The bottoming bull H&S price objective has been met. A new setup has popped up and has already broken out measuring to 76.75. I'm cautious here for a few reasons: RSI is not signalling a bull market, price is at horizontal and trend line resistance and there have been sellers in the mid 70's for 5 years. I'm looking to hold this name so I raised my stop to the...
Messy Bull H&S popping up on the daily chart within a falling channel. Volume initially looks concerning. However, my go to volume sig (CMF) points to constructive action. Indicators are positive. Disclaimer: I am long this stock