Bull Thesis -
1) The first thing I noted was the large up-trending channel
2) Currently a Bullish Pennant has formed inside the channel
- My main theory is a breakout of the wedge to the upside.
- I used a bottom fitted curve from the bull pennant "post/mast/flagpole" to give a general trend after the breakout. This is how I arrived at my price target noted on the chart. $155 around Sep 11th, 21'
Bear Thesis -
3) Volume on the upward price spikes has been dropping steadily ytd.
4) The bullish pennant has formed at the top range of the channel, and may be ready for a pull back.
5) If breakout of the wedge to the downside occurs, I used a similar curve from the flagpole to give my estimate on the chart when it nears the bottom of the channel. $134 around Sep 7th, 21'
1) The first thing I noted was the large up-trending channel
2) Currently a Bullish Pennant has formed inside the channel
- My main theory is a breakout of the wedge to the upside.
- I used a bottom fitted curve from the bull pennant "post/mast/flagpole" to give a general trend after the breakout. This is how I arrived at my price target noted on the chart. $155 around Sep 11th, 21'
Bear Thesis -
3) Volume on the upward price spikes has been dropping steadily ytd.
4) The bullish pennant has formed at the top range of the channel, and may be ready for a pull back.
5) If breakout of the wedge to the downside occurs, I used a similar curve from the flagpole to give my estimate on the chart when it nears the bottom of the channel. $134 around Sep 7th, 21'
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.