Hi Folks,
Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months.
Elliott Wave Analysis
1. Completed an ongoing impulse with a divergent 3-5 wave.
2. Correction of the impulse seems to be completed wherein RSI cooled off.
3. Outbreak in RSI, price and volume support indicates towards shift of trend.
4. Halt weekly candle or a follow up move shall confirm the upmove for mid term.
5. Larger structure remains bullish.
6. Targets of larger 5 wave are already marked with fic projections.
Disclaimer - Please trade at your own risk, just for educational purposes.
Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months.
Elliott Wave Analysis
1. Completed an ongoing impulse with a divergent 3-5 wave.
2. Correction of the impulse seems to be completed wherein RSI cooled off.
3. Outbreak in RSI, price and volume support indicates towards shift of trend.
4. Halt weekly candle or a follow up move shall confirm the upmove for mid term.
5. Larger structure remains bullish.
6. Targets of larger 5 wave are already marked with fic projections.
Disclaimer - Please trade at your own risk, just for educational purposes.
Dagangan aktif
Undergoing fast and furious up moves :)
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.