Stop goes under C as a rule and the Target is D
PCAR also formed a V Bottom and got off the bottom quickly. The was caught up in a bearish rising and narrowing wedge which has slowed it down significantly.
Support looks firm for now
V Bottom: Price will usually make a fast and furious move down with little or no pauses. Usually a one day reversal or an island reversal forms pushing it off the bottom and then price rises up in the same fashion it went down in and is usually a mirror image of the leg down. Best to wait 2 o3 days at bottom to be sure the trend changes.
Not a recommendation
PCAR also formed a V Bottom and got off the bottom quickly. The was caught up in a bearish rising and narrowing wedge which has slowed it down significantly.
Support looks firm for now
V Bottom: Price will usually make a fast and furious move down with little or no pauses. Usually a one day reversal or an island reversal forms pushing it off the bottom and then price rises up in the same fashion it went down in and is usually a mirror image of the leg down. Best to wait 2 o3 days at bottom to be sure the trend changes.
Not a recommendation
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.