Continuously Making HH HL on Bigger TF.Continuously Making HH HL on Bigger TF.
It has crossed an Important Resistance around
24.90 - 25 & now it has 2 Important Support Levels;
S1 around 24.30 - 25(this seems a Stronger one)
S2 around 22
Should not Break 18 as of now.
It still has the potential to touch 30 - 31.
IMAGE trade ideas
Image-Buyin entire 2024, Image traded in consolidation box. at the same time a cup & handle pattern also appeared on the chart. Now recently, it gave breakout of consolidation Box and cup & handle pattern with excessive volumes which shows strength of Bulls.
Buy at current Price
Target Price: Projection of Consolidation Box and Cup & Handle Pattern
SL: last LL.
IMAGE- Buy OpportunityThe current analysis of IMAGE over a 4-hour time frame shows that it is trending upward, making HHs and HLs. But recently it has been going down for a major correction. Look for buy opportunity around support if it holds above the support levels. Or look for a buy if it breaks above the previous HH.
IMAGE - PSX - Buy Call Fundamentally it is looking strong but in End June 2024 it gave negative earnings (loss). Therefore, it went downhill. However, recent inside buying of 2 Mil shares by its director suggest upcoming big earnings which are evident from quarterly report.
Technically, it has dropped below parallel channel. Now after bouncing from a strong support level, it is making a triangle pattern. If price breakout upwards from here, then we will see a very sharp up trend lasting for 2 to 3 weeks. If it bounces of the even lower support (as there is no bullish RSI divergence seen yet) then it will take some more time to reach TPs.
Therefore, it is expected to give 35% gain in 6 weeks.
My Trade Values:
Buy 1 (Instant) : 13.20 , Buy 2: 12.60 , Buy 3: 11.60
Stop Loss: 11.28
TP1: 15.60 , TP2:16.90 , TP3: 18.00
Monthly Closing is ImportantUnfortunately, it did not move as expected technically.
However, Monday's Closing is Important.
Those who are holding from High Side, and want Quick
Gain out of it, may bring their average price down by
Buying on Dips and Selling on Strengths.
BUT MONDAY'S CLOSING IS IMPORTANT! Lets Pray for the Best!