Price moves mostly in the rising channel. After the breakout of local inclined resistance there are confirmed:
1. double bottom (with retest of it's neck by the second signal)
2. flag (with breakout of the top line)
The recommendation is to buy:
Entry point 85.00
Stop-loss 82.43 (-1 tic of flag's low price)
Target 91.00 (according to target-sizing approach)
Risk/return ratio 1: 2.33
Our assumption is that price will continue to grow further.
1. double bottom (with retest of it's neck by the second signal)
2. flag (with breakout of the top line)
The recommendation is to buy:
Entry point 85.00
Stop-loss 82.43 (-1 tic of flag's low price)
Target 91.00 (according to target-sizing approach)
Risk/return ratio 1: 2.33
Our assumption is that price will continue to grow further.
