ACWA 2082: Cup & Handle formation (Bullish Setup)Cup and Handle Formation is in action.
Trade with specified stop loss.
Trail SL to ride the trend.
Manage risk properly before taking trade.
Acwa
ACWA POWER A short trade can be taken with stop loss
Formation of HH, HL
Breakout of trendline/Falling Wedge
Completion of Harmonic Pattern
Trail stop loss
ACWA POWERTrendline Breakout
Formation of HH,
HL in process
Trade with Stop Loss (slightly below 134.5)
Entry @ current price (138) or 137
TP levels as per fib levels
Trail your stop loss
TASI, 2082: ACWA1- Series of HH, HL --> Bullish Trend; Dow Theory
2- Above Trendline Support
3- Every time it hits trendline support, it takes upside movement
4- Biased: Bullish
Buy @ 160.8
SL @previous HL: 145.75
TP1 @ 180.5
TP2 @ 187.5
TASI, 2082: ACWATrendline resistance breakout. (Confirmation of false breakdown)
Setup is ready for long.
1- Series of HH, HL --> Bullish Trend; Dow Theory
2- Above Trendline Support
3- Every time it hits trendline support, it takes upside movement
4- Biased: Bullish
Buy @ current level (164.4)
Buy after retest of trendline (162), confirmation of HL
Tight SL @ 153.25
or previous HL@ 145.4
Targets slightly below fib levels
TP1 @ 180.5
TP2 @ 187.5
or as per RR 1:2, 1:3
Ride the trend with trailing stop loss
20 82 is predictable just see my charthello,
here as it is shown on my chart the stock is into a critical area: if it is broken down targets are shown on the chart, otherwise if brokn up targets are also shown there,
what you should do is keeping eyes on confirmation of volume importance.
good luck
