Breakdown of the rectangle chart pattern in BDMS
Bangkok Dusit Medical Services Public Co. Ltd. is dedicated to the health care business. The company operates through two segments: Hospital Operations and Other Businesses. The value is listed on the Stock Exchange of Thailand.
The BDMS price developed a rectangle chart pattern of possible distribution zone, of...
Breakout alert descending triangle on CVX.
Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The stock is listed on the New York Stock Exchange.
CVX price formed an almost one year-long reversal pattern as descending...
This is an alternative scenario:
An ascendent flag in a downtrend is usually a bearish pattern.
If that is confirmed and the price breaks the flag we could se another impulse and this could complete the ABC correction with support in between fibo 78.6 ans the trendline.
We could see an Wave 5 failed.
Divergences in MACD
TL touched and bouncing
We could see the price towards the TL 2-4. If this line is broken the price could find deepest lowers towards the end of the Wave 4 and if this support is broken we could see even new minimums.
Suport in fibo 50 and pullback to the down trendline and go up again. Come on bulls!
Let's see if we can complete this 5 wave. To get that we need a target price between about 78% 100% of the extension of the wave 1.