Hi this is my first post. I'm relatively new to Trading even newer to doing this T/A.
I welcome your comments / feedback as to how I can make this a better chart. I do not hold a position with this stock, when trading at $63 / share a friend had recommend I buy this a few weeks ago. Unfortunately I didn't have capital available to buy.
I am also posting this, in hopes that those who are new to TV and trading can get a more 'basics' idea as to what / how to do a chart for T/A!
Thx
I welcome your comments / feedback as to how I can make this a better chart. I do not hold a position with this stock, when trading at $63 / share a friend had recommend I buy this a few weeks ago. Unfortunately I didn't have capital available to buy.
I am also posting this, in hopes that those who are new to TV and trading can get a more 'basics' idea as to what / how to do a chart for T/A!
Thx
Note
With a possible entry $57.64. If we are wrong, we will know very quickly, so you can set a narrow stop at the next level of support below at $55.82. As Channel patterns tend to break down to a 50% retracement or more, so you don't want to be caught up in this.
Suggesting the next level of resistance is at $69.77, which may make a good profit target"
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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.