An inverse 'Head and Shoulder' pattern on display.
The stock is also moving in a 'Parallel Channel'.
A breakout above the neckline would take the stock to 50 which is a 21% gain..
RSi at 66 also looks positive to support the momentum.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the confidence.
The stock is also moving in a 'Parallel Channel'.
A breakout above the neckline would take the stock to 50 which is a 21% gain..
RSi at 66 also looks positive to support the momentum.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the confidence.
Trade closed: target reached
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.