IMO, CUP AND HANDLE PATTERN WAS FORMED ON H4 PCHEM CHART BASED ON THIS FORMATION, MY TARGET IS AT 8.90 AND 11.80 STOP LOSS AT 3.80
PCHEM developed VCP in 79 days with 3 contraction below: C1: 15% C2: 6% C3: 5% Attempt to breakout soon! Disclaimer: The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your...
PCHEM Rst: 8.31 Spp: 7.80 Hammer candle emerged above Fibo Ext 61.8%, positive move and no sign of softening observable from RSI, MACD. Reaching Fibo 100% is possible.
LLLH Y1<Y2 strong downtrend BHOG @ 3 assuming X1 = X2 Weak Pattern A at support. There is no reversal up signal at all. Unless it goes pass 5.80 (closest W&R line) or break immediate resistance. TP @ 4.930
PCHEM Rst: 6.63 Spp: MA200 Bullish island reversal formation with new candle pierced through both MA200 strong resistance trendline again with above Fibo Extension 50% as well, further upside possible.
PCHEM Rst: 6.03 Spp: 5.65 Bearish candle pulled back below upper BB, no major threat from indicators, still right above C&H breakout level. Chance to visit MA200 remains.
May test new higher (Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
Wait for the price to break the golden line