GEHC is showing a potential double top around the 94.50 level. A confirmation of the breakdown is expected if the price falls below the confirmation level. This setup suggests a move toward the target of 58.91, with a stop loss placed above the 95.87 level.
Key Levels:
Entry: Below confirmation level 🔻
Stop Loss: 95.87 🔴
Target: 58.91 🟢
Analysis:
GEHC is forming a double top pattern, with strong resistance at 94.50. If the price breaks below the confirmation level, we could see further downside toward 58.91. A stop loss above 95.87 ensures protection against a false breakdown.
Key Levels:
Entry: Below confirmation level 🔻
Stop Loss: 95.87 🔴
Target: 58.91 🟢
Analysis:
GEHC is forming a double top pattern, with strong resistance at 94.50. If the price breaks below the confirmation level, we could see further downside toward 58.91. A stop loss above 95.87 ensures protection against a false breakdown.
Trade closed: target reached
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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.