inco1

rai inverse head and shoulder breakout

Long
NYSE:RAI   None
higher timeframe showing strong uptrend and excellent trend strength
intermediate timeframe showing trend alignment and showed the breakout of resistance area 67.0x area after completing inverse h and s pattern with strong positive volume pressure
measured move from head of pattern to neckline is a .55 move which should give projected target of 67.55 and extension level .618 at 67.8x area
consolidation in this previous range should provide enough momentum and relative strength has room to run
setting stop underneath breakout candle in case of a false breakout move

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.