Genworth Financial Inc
Long

GNW - Finishing Cup - Handle Coming

101
Long, but not until Early Jan 2021 - Read Notes
Swing Trade Idea

I-H/S
Expected Cup and Handle. Finishing Cup now on wave (3).
---
Expected rejection from 4.81 to begin formation of handle. (Could short for wave 4 if you wish)
Anticipated L entry early Jan 2021
Only then, look at a long from 4.10 - 3.82 which should be the beginning of wave (5).
5.10 - R/R = 2
5.60 - R/R = 3
SL 3.60
This may spend some time in the 3.80 - 4.80 area while it builds out the handle.
---
*** Once this clears 5.25 - look out! Low float.
*** This one has been in accumulation for several years between 3.00 - 5.00
---
Look at GNW part 2 for longer term swing idea

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.