Just looking at this. This was trading in an ABC bullish pattern but I noticed short was very high.
An ABC pattern can morph in to a head a shoulders pattern if it turns down vs breaking up. If it hits support drawn in green and turns back up in an uptrend..then all is ok
I hope PLNT does not break the neckline and go in to a down trend...but patterns morph and it is something to be aware of
Below the neckline this is not a long trade
If stock breaks the neckline(49.4)..only if..the targets would be 30.2 24.9
Just an observation
An ABC pattern can morph in to a head a shoulders pattern if it turns down vs breaking up. If it hits support drawn in green and turns back up in an uptrend..then all is ok
I hope PLNT does not break the neckline and go in to a down trend...but patterns morph and it is something to be aware of
Below the neckline this is not a long trade
If stock breaks the neckline(49.4)..only if..the targets would be 30.2 24.9
Just an observation
노트
Now trading in a symmetrical triangle
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.