UDMY Head and Shoulders played out. Playing the rebound

2021年12月17日

First time I've ever seen a stock IPO and immediately form a Head and Shoulders pattern. After breaking the neckline it's come down to the end of it's measured move. It's forming a bullish descending wedge pattern and has bullish divergence on the RSI. Looking to buy as it gets closer to the trendline. Confirmation will be if it breaks the wedge to the upside and a retest of the trendline.
I've got three targets where I will take some profits at.

TP1: 22.00
TP2: 23.55
TP3: 25.20

2021年12月17日

交易結束：達到停損點

Didn't take a position. The price broke below the lower trendline and closed with a lower RSI which means no bullish divergence. Will wait until I see bullish divergence and a break above the wedge.