A head and shoulders pattern has formed between 24/07/2023 to 28/08/2023.
With a close above $4.44 on 28/08; we can expect some relief trading in the morning of 29/08/2023 to a potential $4.70 (where the second shoulder started to form) before trading to the downside in anticipation of ex-dividend on 05/09. Data update from T-4 settle of short selling will update as well perhaps recording an overall short % of 10%+ (an increase of 1.4% from 8.7%).
Trade entered at $4.51 with price target of $4.70 (an upside of 5%)
With a close above $4.44 on 28/08; we can expect some relief trading in the morning of 29/08/2023 to a potential $4.70 (where the second shoulder started to form) before trading to the downside in anticipation of ex-dividend on 05/09. Data update from T-4 settle of short selling will update as well perhaps recording an overall short % of 10%+ (an increase of 1.4% from 8.7%).
Trade entered at $4.51 with price target of $4.70 (an upside of 5%)
Dagangan ditutup: sasaran tercapai
$4.70 profit taken.Dagangan aktif
Short started at $4.66Dagangan ditutup secara manual
Close at $4.60 with VWAP $4.62 hit + BB bands median close on 5 mins.Nota
Double bottom attempt resulted in fail @ $3.86... Heading towards long term support of $3.59 like depicted in chart above.Nota
Long term support has been hit at $3.59 with a close price of $3.58
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.