Heromotoco Simple Price action Analysis Bullish

HEROMOTOCO was in Down Trend in the past and now it has started creating HHs and HLs in the candlestick chart, this is a signal of an ongoing Up-Trend.

As long as the last HL is holding price should go up and make a new HH in this chart. I have used the Channel tool to find out the right Target for now.

The expectation is Price will go up to 3400 i.e., an approximate 11% Return on Investment in quick succession.

Trade chiuso: obiettivo raggiunto:

Took its time but in the end achieved its target.