PRICE PATTERN ANALYSIS- 1) Stock broke out today from a SYMMETRICAL TRIANGLE PATTERN 2) Breakout was approximately at 2/3rd of the length of the triangle, indicating strength of the pattern 3) Pattern was formed over a period of 3 months, making Lower Highs and Higher Lows, which made a Symmetrical Triangle Pattern.
VOLUME ANALYSIS- 1) FALLING and LOW volume across the formation of the triangle. 2) BREAKOUT was accompanied by a HUGE SURGE in volume, confirming the pattern breakout validity.
TARGETS- 1) The targets for such a formation is the Difference between the 1ST HIGH and the 1ST LOW ( 215-157 ), which is equal to 58. This amount we add to the BREAKOUT POINT ( 205 ) to arrive at our TARGET ( 205+58 ), which equals 263.
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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.