There was a predominant uptrend at least throughout 2017 (it made about 45% after first breaking out in Jan '17).
However, with the increased volatility in the general market and in this stock's price action specifically, the wedge pattern forming can be expected to progress for at least quick bearish pullback.
That is where I'm placing my bets. At least if the uptrend is to continue, I am bearish for now as the stock takes a breather after the 2017 run up.
Stop @ 70.56
Target @ 65.31
However, with the increased volatility in the general market and in this stock's price action specifically, the wedge pattern forming can be expected to progress for at least quick bearish pullback.
That is where I'm placing my bets. At least if the uptrend is to continue, I am bearish for now as the stock takes a breather after the 2017 run up.
Stop @ 70.56
Target @ 65.31
Dagangan ditutup: sasaran tercapai
Target reached but I took only 50% profit. Holding on for a possible trend lower.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.