The reversal of the trend has been evidenced by the breaking of the major down trendline since Sept 18.
The consolidation within the “pennant” pattern is unfolding and is hovering around the same price zone after rebounding off 38.2% Fibonacci retracement which coincides with mid-line of BB (20-day SMA)
The stock as a solid chance to break out the pennant pattern.
Next R/ TP:
• 1.04 (50% FE)
• 1.09 (61.8% FE)
• 1.39 (Pole of pennant pattern)
Support:
• 0.855
• 0.795
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
The consolidation within the “pennant” pattern is unfolding and is hovering around the same price zone after rebounding off 38.2% Fibonacci retracement which coincides with mid-line of BB (20-day SMA)
The stock as a solid chance to break out the pennant pattern.
Next R/ TP:
• 1.04 (50% FE)
• 1.09 (61.8% FE)
• 1.39 (Pole of pennant pattern)
Support:
• 0.855
• 0.795
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。