NZR - 6 months CUP & HANDLE

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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

Prices are recovering from the all-time bottom made one year ago. After a strong advance they consolidated in the form of a great Cup & Handle just above the 200 days EMA.
The only point I want to make here is that NZR is a very low-priced stock. So, even if this chart seems to be quite regular in movements, remember that low priced stocks could experience sudden and insane up/down movements.
If prices go towards the target, keep in mind that we will have to deal with the 1.10 previous level.

• Pattern Class: 🌕🌕🌕🌕🌑
  
• Target area: 1.16
  
• Breakout area above: 1.04
  

Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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