Long term pick, Triangle and Cup & Handle Formation

Charts speak for themselves, the triangle formation in there in a long period of range, and after being in a downtrend for years this could be the time for it to go bullish and this is an absolute long term pick, the cup and handle formation indicates that triangle breakout is very much possible this time for stock to break all barriers, since time period is so long one can also expect to take short/medium term gains around 250/260 range. SL is important and as indicated by blue line the stock took strong support around 170 when market fell pretty bad on dec. 21/22 thus this is very strong support

Better to buy above 210, for short term target of 250/260. SL can be kept below 170. Long term targets can be taken according to your analysis.

Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.

評論:

I just saw this, on 8th jan fell exactly from my target of 250 haha, stock is retesting and is already down a lot, good time to enter again, for long term