Generac (GNRC) has completed a large cup & handle pattern, breaking out strongly above the neckline near $170 and pushing toward the $200 area. After the breakout, price is now consolidating in a bullish flag/handle formation (highlighted in blue), suggesting continuation higher if support holds.
The measured move projection of the cup & handle points toward a long-term bullish target above $300.
🔑 Trade Plan:
Entry Trigger: Breakout above $196–200 resistance zone.
Profit Targets:
Target 1: $230 (+20%)
Target 2: $260–270 (+40%)
Target 3: $300+ (long-term projection).
Stop-Loss: Below $170 (back under neckline support).
📊 GNRC shows strong accumulation and momentum, with multiple bullish structures aligning. As long as the $170 neckline holds, the trend favors upside continuation.
Not financial advice. No responsibility for any actions taken.
The measured move projection of the cup & handle points toward a long-term bullish target above $300.
🔑 Trade Plan:
Entry Trigger: Breakout above $196–200 resistance zone.
Profit Targets:
Target 1: $230 (+20%)
Target 2: $260–270 (+40%)
Target 3: $300+ (long-term projection).
Stop-Loss: Below $170 (back under neckline support).
📊 GNRC shows strong accumulation and momentum, with multiple bullish structures aligning. As long as the $170 neckline holds, the trend favors upside continuation.
Not financial advice. No responsibility for any actions taken.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.