ENVX short to $9 (Target made)
Much sooner than anticipated.
TA & math works
Initial post
Calculations:
-Neckline = $12.
-Implied PT to complete the structure: 15.48(03/31 high) - 12.00(neckline) = 3.48(height of the cup)
-12.00(neckline)-3.48(cup height) = $8.52 which is in line with a .236 retracement (8.62).
-Being more conservative and using the 03/31 closing price (14.91) instead of the high for the calculations, your PT is
12.00-2.91= $9.09.
- ~8.52-$9.09 just so happens to have been a trading range not long ago illustrated by the green lines
TA & math works
Initial post
Calculations:
-Neckline = $12.
-Implied PT to complete the structure: 15.48(03/31 high) - 12.00(neckline) = 3.48(height of the cup)
-12.00(neckline)-3.48(cup height) = $8.52 which is in line with a .236 retracement (8.62).
-Being more conservative and using the 03/31 closing price (14.91) instead of the high for the calculations, your PT is
12.00-2.91= $9.09.
- ~8.52-$9.09 just so happens to have been a trading range not long ago illustrated by the green lines
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.