PRICE PATTERN ANALYSIS-
1) Stock broke out today from a SYMMETRICAL TRIANGLE PATTERN
2) Breakout was approximately at 2/3rd of the length of the triangle, indicating strength of the pattern
3) Pattern was formed over a period of 3 months, making Lower Highs and Higher Lows, which made a Symmetrical Triangle Pattern.
VOLUME ANALYSIS-
1) FALLING and LOW volume across the formation of the triangle.
2) BREAKOUT was accompanied by a HUGE SURGE in volume, confirming the pattern breakout validity.
TARGETS-
1) The targets for such a formation is the Difference between the 1ST HIGH and the 1ST LOW ( 215-157 ), which is equal to 58. This amount we add to the BREAKOUT POINT ( 205 ) to arrive at our TARGET ( 205+58 ), which equals 263.
1) Stock broke out today from a SYMMETRICAL TRIANGLE PATTERN
2) Breakout was approximately at 2/3rd of the length of the triangle, indicating strength of the pattern
3) Pattern was formed over a period of 3 months, making Lower Highs and Higher Lows, which made a Symmetrical Triangle Pattern.
VOLUME ANALYSIS-
1) FALLING and LOW volume across the formation of the triangle.
2) BREAKOUT was accompanied by a HUGE SURGE in volume, confirming the pattern breakout validity.
TARGETS-
1) The targets for such a formation is the Difference between the 1ST HIGH and the 1ST LOW ( 215-157 ), which is equal to 58. This amount we add to the BREAKOUT POINT ( 205 ) to arrive at our TARGET ( 205+58 ), which equals 263.
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.