The price has been forming Right-Angled and Descending Broadening Formation since last 6 months now it may try to touch the other side of the pattern. Interestingly it makes good up move whenever RSI comes back from oversold zone marked in the chart. Currently it is in the same situation. Pitchfork seems to be good catching the price movement and the trade is available at the Lower Median Line so the SL is affordable. One can buy the stock at current level or on dips by providing low of today as SL. One can expect minimum Median Line touch as target.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Transaction en cours
Note
Excellent trade rewarded decently :) Thanks universe
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.