Showing the Monthly chart instead of the cup & handle pattern on the Daily. It has already gone up from the 'handle', but it seems there's still some upside to go on the longer term.
Taken a real beating since Jul'15 and price has bounced off $8 support. Momentum is strengthening as well, so that's a good sign.
Target profit 1 at $15-16, next resistance + 50MA
Target profit 2 at $25, but this is going to take a while, and depending on how the price action is if and when it reaches target profit 1.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Taken a real beating since Jul'15 and price has bounced off $8 support. Momentum is strengthening as well, so that's a good sign.
Target profit 1 at $15-16, next resistance + 50MA
Target profit 2 at $25, but this is going to take a while, and depending on how the price action is if and when it reaches target profit 1.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Trade closed manually
Setup invalidated
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.