CRTO
Daily chart analysis
CRTO bottoms out at all-time lows Mar.’20 at around 6.45.
The freshly printed covid bucks sent the stocks into uptrend up to 45.50
The stock eventually starts moving sideways in form of an M top pattern with a neckline/support at around 34.00
Feb.’22, price breaks down from M Top pattern, signaling the start of downtrend.
Price enters...
hi traders
CRTO price is testing resistance.
We are waiting for a break out to take a long position on retest.
Target and stop loss are indicated on the chart.
Our target is 32.14 $.
Assuming a slanted double bottom using this channel
I expect a rise, finding symmetry with the middle vertical line on each side
Lets see how it plays out
Bars pattern placed shows my thoughts in green
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
$CRTO forming potential hight tight flag after advancing more than 100% in less than 8 weeks , hight tight flag pattern is rare and high risk reward pattern.
Company with nice looking fundamentals
Chart looks nice too with a 'chair' continuation pattern
Starting small position, adding more with a confirmation candle with volume
Moving to $47
There is a gap, that may need filled.
We could be at the top of an H&S, only time will tell.
Bull pennant will break through resistance would be an entry indicator.
Hard to know which way it will go.
My screener found this one for me, says the sentiment is ripe for entry, however, I do not predict another 77% runner.
Enter with caution. Always set a stop loss.
