Felt this pattern for Checkpoint warranted publishing, as rarely do you see a stock repeat such a symmetrical pattern. All trend lines are the same and the bars between highs and lows are nearly identical. If the pattern continues, CHPT will move lower to around the $6.50-$7.00 range before turning up. I would guess there is a good chance the move up could break the red trendline and continue up, given the macroeconomic climate and expected increase in electric car purchases in the future.
Also included a Scenario 2 (doubtful), which is purely based on the stock breaking the current trend line, but I expect to see a regression back to the trend line as we have seen in the past.
Also included a Scenario 2 (doubtful), which is purely based on the stock breaking the current trend line, but I expect to see a regression back to the trend line as we have seen in the past.
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.
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.