Key Takeaways:
+Consistently making higher lows (5 times) and squeezing into triangle on flat supply zone for ATH breakout
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA
+After running up from 260 in early Jan we've found a horizontal supply zone at 308 which we should squeeze into should we continue making higher lows
+Breaking 308 will send us to ATHs and I would expect a ~$15 move topside with breakout for 2 reasons:
1)After 1st 308 rejection we retraced about $15 into 290 area and I'm treating this as the 'consolidation zone' (like triangles and other price patterns)
2)Since forming the uptrend, we've moved up $40 and a 1.382 fib extension of the uptrend lands us at that $15 move as well
Keep an eye on this ticker with a 308 breakout into ATHs!
+Consistently making higher lows (5 times) and squeezing into triangle on flat supply zone for ATH breakout
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA
+After running up from 260 in early Jan we've found a horizontal supply zone at 308 which we should squeeze into should we continue making higher lows
+Breaking 308 will send us to ATHs and I would expect a ~$15 move topside with breakout for 2 reasons:
1)After 1st 308 rejection we retraced about $15 into 290 area and I'm treating this as the 'consolidation zone' (like triangles and other price patterns)
2)Since forming the uptrend, we've moved up $40 and a 1.382 fib extension of the uptrend lands us at that $15 move as well
Keep an eye on this ticker with a 308 breakout into ATHs!
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.