EASTERN COMPANY
Short

EAST it's easy, but only for professionals, long term positive.

31
#EAST timeframe 1 day

Created a bearish AB=CD pattern

Sell point around 34.90
Stop loss / reentry 35.85 (estimated loss -2.77%)
First target at 33.00 (estimated profit 5.00%)
Second target 31.95 (estimated profit up to 8.60%)

MACD supports this idea

NOTE: this data is according to timeframe 1 day.

NOTE: stock remains positive for long term.

It's not advice for investing, only my vision according to the data on the chart.
Please consult your account manager before investing.
Thanks and good luck.

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.