Stock broke from a pattern largely resembling a cup and handle, with the breakout resistance indicated by the purple line. Stock has since retraced to the breakout and found support with a good hammer candle on the retest. Seeking a measured target as shown based on the depth of the cup.
Stock has used the 20 EMA as a pivot point for an extended period, offering a good indicator for an exit with a close greater than 2% below.
Stock has used the 20 EMA as a pivot point for an extended period, offering a good indicator for an exit with a close greater than 2% below.