The stock has been in descending wedge unable to break above the upper trend line.
Now looking like inverse head and shoulder is forming with the right shoulder yet to be completed.
As long as the stock stays above $75 there is a chance of bullish reversal.
$84-$85 area is the resistance area and the neck line of this potential inverse head and shoulder that is forming.
Target 1 - $98
Target 2 - $105
Risk - Fall below $75 and retract to $68.
———————————————————
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.
Now looking like inverse head and shoulder is forming with the right shoulder yet to be completed.
As long as the stock stays above $75 there is a chance of bullish reversal.
$84-$85 area is the resistance area and the neck line of this potential inverse head and shoulder that is forming.
Target 1 - $98
Target 2 - $105
Risk - Fall below $75 and retract to $68.
———————————————————
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.