bottom line is support, top horizontal line is previous resistance line and angled line is a channel line. at the center where 2 lines meet is a breakout point, basically it needs to go above that to have a breakout or it will hit resistance and move back down possibly to previously shown support.
What do you guys think?
Basically we need a confirmation of the bullish pattern and the share needs to move and hold above 205 which is a Fib retracement level of resistance.
I expected this stock to not hold and move down, hopefully to below 180 as I am short.
Today we had good news (catalyst) plus strong market pushing up.
Please let me know what you guys are thinking.
Thanks.
P.S. If anyone sees this who has a lot of experience and is good at TA, please correct me on what I did not do correct.
What do you guys think?
Basically we need a confirmation of the bullish pattern and the share needs to move and hold above 205 which is a Fib retracement level of resistance.
I expected this stock to not hold and move down, hopefully to below 180 as I am short.
Today we had good news (catalyst) plus strong market pushing up.
Please let me know what you guys are thinking.
Thanks.
P.S. If anyone sees this who has a lot of experience and is good at TA, please correct me on what I did not do correct.