Now Here I have and a main breakout but the price now have acquired and erratic behavior and more recently the price did a deep pullback and here is the opportunity to entry after this dip (9.79)
Other important aspect here is the tails of the bars in the 7.80 level confirming the .
When I categorize something like a like in this chart I need a considerable lapse of time between the first floor to the second floor touched in the 7.80 level in this example the takes one year and one month to take shape.
The majority of my ideas have this component a breakout with a .
by the way I not publish the same chart idea twice I not repeat symbols look my published ideas
By last the horizontal resistance line in the area of 12.00 was a support broken in the 2008 in the financial crisis and then again was broken in June 2016
This idea need time and observation because the 12.00 has a lot of relevance in the recent history of this stock.
I use a price action analysis with . Without Indicators