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symmetrical triangle is almost finish, will see if still going in uptrend.
ART trade ideas
RiskMastery's Breakout Stocks - ART EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:ART ...
I believe this code is at a point of potential volatility.
If price can hold above $0.280 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.335 (Conservative)
- $0.385 (Medium)
- $0.505 (Aggressive)
If however price falls below $0.220 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
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ART - AIRTASKER 85%+- GAIN POTENTIALLooks like a large Elliott wave is just coming to an end.
Currently in a downward trend and are trending on the bottom trend line, should pop back up and stay over 75c to confirm reversal.
Reversal with a new Elliot wave with first wave pushing to 90c. testing previous support/now resistance.
Then dropping back to around then 80c region before the next wave up to $1 before re-testing support for the final leg to 1.25.
SMA 200 sits at 1.04,
For educational/testing theory purposes. Not intended as investment advice.
Would love to hear your thoughts, theories and analysis..
