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TAL uptrend breakout (Fibs and Ascending Triangle)

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The Upper Orange lines are the 1.272 fib extension levels from previous high

The Upper Yellow lines are the 1.618 fib extension levels from all time highs

The Red lines are the ascending channel trend that the price action has been following during the current uptrend

The projected time frames of price targets are based on the previous time decay from Lows-to Highs-to Lows

The ascending triangle pattern is not charted but the low is $61 and breakout area is located at the indicated buy zones

Ascending triangle pattern = $81-$61= delta of 20
$81+20 = Price target of $101
Dagangan ditutup secara manual
Sold 19 Feb 21 $90 call at confirmed lower high after price target of $88.75 was reached at $88.50
Sold 19 Feb 21 $95 call at following lower high
Nota
Comment: There is still some significant supply above the 1.272 extension and the price action quickly equalized the supply/demand imbalance between $87.50 and $88.25 today. If price action cannot break above that $88.50 and hold there are 2 possible lower imbalances to be equalized from $83.75 to $86 and from $81 to $83.
Nota
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Nota
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