BULL is showing a textbook Cup & Handle formation on the daily chart, signaling a potential bullish breakout if key resistance is cleared. The price is consolidating just under the $18.06 level after a healthy pullback – a classic setup for a continuation move.
Technical Highlights:
Pattern: Cup & Handle with the handle forming on low volume, suggesting sellers are losing momentum.
Key Resistance: $18.06 – a breakout above this level could trigger a strong rally.
Key Supports: $14.47, $13.45, and $12.05.
MACD: Looking very bullish – histogram is recovering after a brief pullback, with potential for a fresh bullish cross.
RSI: Currently hovering just above the moving average support level, waiting for momentum confirmation. This indicates there’s room for upside before reaching overbought territory.
Volume: Decreasing during the handle formation – a healthy sign for breakout setups.
Trade Plan:
Entry: On breakout above $18.06 with volume above the 20-day average.
Why This Setup Stands Out:
This is a high-probability Cup & Handle pattern backed by strong indicator alignment. The MACD is signaling bullish potential, and RSI is positioned perfectly for a momentum push. If buyers step in with volume, BULL could deliver a quick, sharp move higher.
Technical Highlights:
Pattern: Cup & Handle with the handle forming on low volume, suggesting sellers are losing momentum.
Key Resistance: $18.06 – a breakout above this level could trigger a strong rally.
Key Supports: $14.47, $13.45, and $12.05.
MACD: Looking very bullish – histogram is recovering after a brief pullback, with potential for a fresh bullish cross.
RSI: Currently hovering just above the moving average support level, waiting for momentum confirmation. This indicates there’s room for upside before reaching overbought territory.
Volume: Decreasing during the handle formation – a healthy sign for breakout setups.
Trade Plan:
Entry: On breakout above $18.06 with volume above the 20-day average.
- Target 1: $20.50
- Target 2: $23.00
- Stop Loss: Close below $14.47 to protect capital.
Why This Setup Stands Out:
This is a high-probability Cup & Handle pattern backed by strong indicator alignment. The MACD is signaling bullish potential, and RSI is positioned perfectly for a momentum push. If buyers step in with volume, BULL could deliver a quick, sharp move higher.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.