This is going to be a relatively risky trade as the only justification for this trade is the forecast on the formation of the cup pattern. What's supporting this pattern is the strengthening of momentum on Daily. The MACD histogram on Weekly is still weak, but also strengthening.
Hence, there's only going to be 1 target for this trade i.e $300
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Hence, there's only going to be 1 target for this trade i.e $300
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
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Looking for this to unfold within a month
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Let's see how far today's gap up will bring us