In my previous post I stated that there is a chance that the pattern can fail and price could retreat to $6 area. The price never retested the lip area and the cup & handle pattern has been invalidated and the price retreated to $6. That's why it's important to observe validation and invalidation points in patterns. So whats next?
$6 is supposed to be a strong support area and a very critical area for the bulls and if held, the stock can bounce back to $6.68 to $7.11 area.
If the price breaks below $6 we can see $5.50 with the support at around $5.75 area.
What will it be?
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Disclaimer: Not investment advice.
If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
$6 is supposed to be a strong support area and a very critical area for the bulls and if held, the stock can bounce back to $6.68 to $7.11 area.
If the price breaks below $6 we can see $5.50 with the support at around $5.75 area.
What will it be?
------------------------------------------
Disclaimer: Not investment advice.
If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。