$GOOS - Side way channel play
The price recently bounced from the lower trend line around $34. The price could head towards the upper trend line area of around $44.80.
$38 and $42 will be a resistance area to watch. I
Target 1 - $38
Target 2 - $42
target 3 - $44
Risk - breaking down below $34 will be bad and could result in the price reaching around $28.
Bulls should be prepared to take a lost if the price breaks below $34.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
$38 and $42 will be a resistance area to watch. I
Target 1 - $38
Target 2 - $42
target 3 - $44
Risk - breaking down below $34 will be bad and could result in the price reaching around $28.
Bulls should be prepared to take a lost if the price breaks below $34.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.