Price Action seems to be forming Higher High and Higher Low Pattern.
Has broken the previous Lower Low Pattern with a big green candle .
434 is the major Support/Resistance Zone.
Currently price seems to be successfully breaking the 434 price.
Weekly close above this levels can take the stock to the next leg up.
Has broken the previous Lower Low Pattern with a big green candle .
434 is the major Support/Resistance Zone.
Currently price seems to be successfully breaking the 434 price.
Weekly close above this levels can take the stock to the next leg up.
Note
Stock bounced back again at the Trendline Level? Let's hope this will be the last retest for a big move upward.Note
It looks like 444 level is forming a Resistance Zone. If still continues to go down further, its better to not enter this trade at all. Let's give a week or 2 max to see what happens.Note
Trade looks like it might get invalidated. Let's wait for the monthly close to get a better clarity.Note
Monthly closing so far looks good. We have to wait for a good volume to take the stock above 444 level in order for it to start rallying. Until we cross 444 levels, there is still no proper clarity on direction.Note
12% upside this week and making a new high from our entry zone. Also finally we have a good closing above 444 level. Hopefully, our rally will start from the coming week onwards.Note
Red candle this week. Next week's candle should give us some more better clarity on the move forward.Note
Back at our Entry Zone again after a very good move in the last 2 weeks.Trade closed: target reached
Trade Completed. Target Achieved.Total 24% Profits booked.
Time Taken = 27 weeks.
Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.
Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.
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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.