This is another consolidating triangle although I dont really care for how abrasive the price action has been. I prefer the consolidations to be more swoopy and less spikey. That said, this still qualifies. Volume has been largely contained complete.
The last spike to the top line reads as a false breakout to me which does provide some concern. That said, I still like this as an entry provided there are 2 more days of sideways movement with lower than average volume.
The price target is estimated a jump of 25% based on the last 2 pumps of 31% and 28% (average of 3% drop on each push). IF there's an entry and you're a block target exit kinda person, aim for 20%. Stop is under the support line as always. I would choose to give this a bit of a wide birth on the stop to avoid hunters.
A word of caution (or excitement depending on your viewpoint), earnings is about a month away. There is too much uncertainty during the earnings releases for me so I choose to close positions and sit out. I have other strategies for handling earnings.
The last spike to the top line reads as a false breakout to me which does provide some concern. That said, I still like this as an entry provided there are 2 more days of sideways movement with lower than average volume.
The price target is estimated a jump of 25% based on the last 2 pumps of 31% and 28% (average of 3% drop on each push). IF there's an entry and you're a block target exit kinda person, aim for 20%. Stop is under the support line as always. I would choose to give this a bit of a wide birth on the stop to avoid hunters.
A word of caution (or excitement depending on your viewpoint), earnings is about a month away. There is too much uncertainty during the earnings releases for me so I choose to close positions and sit out. I have other strategies for handling earnings.
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.