This is a Daily chart of Target, currently in a very healthy uptrend.
The chart pattern i've drawn isn't exactly a cup & handle. You can argue that it's an inverted head & shoulder, although technically inverted head & shoulders pattern are usually a chart pattern to signify reversal from a downtrend. BUT I don't subscribe to the EXACT patterns, but more of the idea/ concept around chart patterns.
Whatever the case, price is currently at 20moving average and a weak down cycle (Stoch RSI hasn't reached oversold level), this signify to me that Target is about to surge up much higher.
Target profit 1 will be 200.
There's no Target profit 2 because there's no resistance/ ceiling.
Right now is a good time to buy in.
If you trade options, you can buy the At the Money strike with 2 weeks out (if you're aggressive) or 3-4 weeks out.
If you have a symbol that you'd like me to analyze, feel free to let me know in the comments!
Thanks!
The chart pattern i've drawn isn't exactly a cup & handle. You can argue that it's an inverted head & shoulder, although technically inverted head & shoulders pattern are usually a chart pattern to signify reversal from a downtrend. BUT I don't subscribe to the EXACT patterns, but more of the idea/ concept around chart patterns.
Whatever the case, price is currently at 20moving average and a weak down cycle (Stoch RSI hasn't reached oversold level), this signify to me that Target is about to surge up much higher.
Target profit 1 will be 200.
There's no Target profit 2 because there's no resistance/ ceiling.
Right now is a good time to buy in.
If you trade options, you can buy the At the Money strike with 2 weeks out (if you're aggressive) or 3-4 weeks out.
If you have a symbol that you'd like me to analyze, feel free to let me know in the comments!
Thanks!
Nota
Looks like 184 level isn't likely going to hold.More like a failed setup. If it breaks below, 184, exit trade.
Dagangan ditutup: hentian tercapai
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.