SEED - LONG Trade - Expected 500% Gain - AB=CD Harmonic Pattern
On 1M scale, AB=CD Bullish Reversal Harmonic pattern has been drawn which seems to be almost perfect fit in real world scenario.
Fundamentally Origin Agritech Ltd (SEED), two-decade old company, has recently developed a GMO corn seed which has been said to have doubled the yield of crop. Besides, seeing the historical data with technical analysis of the Price chart, it is very likely that in next 8 to 10 months the stock price will rise to $25 from $5 which is phenomenal 500% increase.
The start of Bull run for this stock has been indicated by a dominating Green Candle. However, Harmonic Pattern suggests that price may take a dip to touch Potential Reversal Zone. Nonetheless, for long racehorses it does not matter they will take the trade with patience.
My Trade values are depicted on chart.
Fundamentally Origin Agritech Ltd (SEED), two-decade old company, has recently developed a GMO corn seed which has been said to have doubled the yield of crop. Besides, seeing the historical data with technical analysis of the Price chart, it is very likely that in next 8 to 10 months the stock price will rise to $25 from $5 which is phenomenal 500% increase.
The start of Bull run for this stock has been indicated by a dominating Green Candle. However, Harmonic Pattern suggests that price may take a dip to touch Potential Reversal Zone. Nonetheless, for long racehorses it does not matter they will take the trade with patience.
My Trade values are depicted on chart.
Comment:
Trade triggered as Entry Point 5.0 has been achieved.