Cup and handle for $15 Target - Like if you agree
The yellow is the cup and handle target. Te blue is the expiratino for options on the 20th. The channel is the channel. (Humble opinion, not profesional advice).
As always, not financial advice, just being friendly. I went a little far with this triangle Idea. I saw an Idea posted with a Fibonacci retracement that lookes much cleaner @AmazinRaisin but I'm sticking with mine. Like if you agree with anything I said or comment or both.
It took me a while to graph what I thought was going on here. The angle changed, and the volume changed after february. But the support level where the same. It is as if someone pushed the turbine button on after Feb. Anyhow, and If we are holding options for the 20th of May, then I think that a good exit is in 20 days because it's the average time of each...
Its a simetrical triangle but i'm long on RIOT.
The target is based on the pole. It's the right time for going long on riot (not investment advice).
Like if you agree or comment your thoughts or both.
We are talking about February 23rd with a price target of 24. The cup and handle are there. (Like if you agree)
What worries me is that the platform is qualifying it as a sell. Although, cup and handles signals a reversal trend, right? What do you guys think?
oh.. Shares of several oil companies are trading lower after Wednesday API data showed a build in US...