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CLIMEON AB SER. B
Long
Updated

CLIMEON shows further signs of bottom

182
CUP & HANDLE pattern in progress which is often seen at major trend reversal.
Note
Time to take some nice profit and hold the remaining amount
Trade closed: target reached
Note
It seems we are in larger CUP & HANDLE formation than I previously thought. If so, we are just now creating HANDLE. The extended move could easily target 24-28kr area, where we earlier got a huge daily gap down. IMHO, investors will likely be cummulationg BUY the DIP positions ahead of extended move to the upside.
Note
We could just be at the bottom part of HANDLE while being in larger CUP & HANDLE formation.
Note
We did not get new ATL, thus CUP & HANDLE formation seems well under way. If so, we could soon rally to 30kr area.
Note
CUP & HANDLE formation well intact
trading4fun2
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Chart Patterns

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart Patterns
trading4fun2
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.