SWING IDEA - CAR TRADE TECH

7 sept.

CarTrade Tech is showing a promising swing trade setup based on the following key technical signals.

Reasons are listed below :

• Break of Cup and Handle Pattern: The price is attempting to break out of a classic cup and handle pattern, which is a strong bullish continuation signal.
  
• 950 Zone Tested Multiple Times: The 950 zone has been tested repeatedly, indicating it is a strong resistance level. A breakout above this level could result in further upward momentum.
  
• VCP Pattern in Uptrend: A Volatility Contraction Pattern (VCP) is forming, which suggests tightening price action and may lead to a breakout if volatility decreases and buying pressure increases.
  
• Bullish Engulfing Candle on Weekly Timeframe: A bullish engulfing candle on the weekly chart reinforces the potential for an upward move, showing strong buying interest.
  
• Increase in Volumes: A noticeable spike in volumes supports the bullish sentiment and confirms that market participants are actively involved in this move.
  
• Higher Lows: The lows are consistently shifting higher, indicating sustained buying pressure and upward momentum.
  

Target - 1110 // 1210 // 1400
Stoploss - weekly close below 750

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@visionary.growth.insights

15 sept.

Note

made a high of 9%++

21 sept.

Note

hold!

25 sept.

Note

made a new high of 12%++

15 oct.

Note

hold!

17 oct.

Note

made a new high today, hold!

19 oct.

Note

made a high of 14%++

28 oct.

Note

made a new high of 1070+, hold!

2 nov.

Trade fermée: cible de profit atteinte

1st target achieved : 21%++

avant-hier

Note

2nd target achieved : 39%++