The stock has bottomed with inverse head and shoulder and has broken out above the the neck line $46.20.
It could retest the neck line $46.20 before moving towards $54 level.
Target 1 - $54
Target 2 - $62.51
Risk - Retest of neck line $46.20 and neckline support failure.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
It could retest the neck line $46.20 before moving towards $54 level.
Target 1 - $54
Target 2 - $62.51
Risk - Retest of neck line $46.20 and neckline support failure.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.