The reversal of the trend has been evidenced by the breaking of the major down trendline since Sept 18.
The consolidation within the “pennant” pattern is unfolding and is hovering around the same price zone after rebounding off 38.2% Fibonacci retracement which coincides with mid-line of BB (20-day SMA)
The stock as a solid chance to break out the pennant pattern.
Next R/ TP:
• 1.04 (50% FE)
• 1.09 (61.8% FE)
• 1.39 (Pole of pennant pattern)
Support:
• 0.855
• 0.795
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
The consolidation within the “pennant” pattern is unfolding and is hovering around the same price zone after rebounding off 38.2% Fibonacci retracement which coincides with mid-line of BB (20-day SMA)
The stock as a solid chance to break out the pennant pattern.
Next R/ TP:
• 1.04 (50% FE)
• 1.09 (61.8% FE)
• 1.39 (Pole of pennant pattern)
Support:
• 0.855
• 0.795
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。