The handle has morphed in to a rectangle
Much like A<MD did
Volume is flat which is characteristic of a rectangle/look for an increase in volume otheriwise it may bump up and down in the rectangle
Maybe a swing trade, or maybe not..depends on what youl like
I am personally not a fan of trading inside of rectangles. But we are all different.
I do not think this stock will bottom out. But who knows?
A break out or an increase in volume is needed desperately
when trading inside a rectangle, mid rectangle is your stop either way/up or down/if going by the pattern
That would be awfully close to entry if going long
Not a recommendation/I still own this but at this point, I am leery to buy more right now
But tomorrow is another day
Nice gain today though!
HL= Handle low which is often an important source of support
Much like A<MD did
Volume is flat which is characteristic of a rectangle/look for an increase in volume otheriwise it may bump up and down in the rectangle
Maybe a swing trade, or maybe not..depends on what youl like
I am personally not a fan of trading inside of rectangles. But we are all different.
I do not think this stock will bottom out. But who knows?
A break out or an increase in volume is needed desperately
when trading inside a rectangle, mid rectangle is your stop either way/up or down/if going by the pattern
That would be awfully close to entry if going long
Not a recommendation/I still own this but at this point, I am leery to buy more right now
But tomorrow is another day
Nice gain today though!
HL= Handle low which is often an important source of support
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.