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BK - 7.90% Potential Profit - Bullish Pennant

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The Bank of New York Mellon Corporation (NYSE:BK)  
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NYSE:BK   The Bank of New York Mellon Corporation
Trend Analysis Chart Patterns Technical Indicators swingsetup swingsetups tradesetup tradesetups swingtrading swingtradingsetup swingtradingsetups bklong
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trendanalysis chartpattern indicator swingsetup swingsetups tradesetup tradesetups swingtrading swingtradingsetup swingtradingsetups bklong
The level of confidence in this trade is moderate. While I like this setup, I am not fully convinced about the target price.

Bullish pennant formed after a 6-month bull run, betting on momentum keeping going.

- Target Entry: $50.32
- Target Stop Loss: $49.34
- Target Exit: $54.22
- Risk / Reward Ratio: 3.98

About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
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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.