in longer time frame, it had a long down trend then it formed a horizontal channel in weekly, and price moving sideways for months, and recently it broke out of the channel with high volume, confirming the start of uptrend. It is having a U type recovery, and got a good probability to form a round bottom.
with a sl - 4 1st tgt - 12 2nd tgt - 25
with a sl - 4 1st tgt - 12 2nd tgt - 25
Trade attivo:
today its 7% up closed at 8.35
Trade attivo:
after a prolonged downtrend, HnS pattern formed, breakout done with good volume.
Commento:
pattern sl - 3.8, tgt - 9.2