Looks like the $1.9T is having a strong effect on the market again. Lots of stocks showing bullishness!
STX is about to breakout of an up-sloping flag pattern.
Target profit 1 is $82-83 (calculated from the bottom of the previous swing low at about $58 to resistance at $64 i.e. a $6 move.)
Since there's no resistance, watch for reversal pattern at the Daily chart to exit, or you can trail with either the 20 or 50 MA.
Disclaimer: I'm not giving any trading and investing advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to leave me a comment.
Thanks!
STX is about to breakout of an up-sloping flag pattern.
Target profit 1 is $82-83 (calculated from the bottom of the previous swing low at about $58 to resistance at $64 i.e. a $6 move.)
Since there's no resistance, watch for reversal pattern at the Daily chart to exit, or you can trail with either the 20 or 50 MA.
Disclaimer: I'm not giving any trading and investing advice. Just sharing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to leave me a comment.
Thanks!
Note
setup still validTrade closed manually
Today price went lower than the bottom trend line of the up sloping pattern.
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.
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.