I believe a double Bottom has already been formed and it is almost reaching the end of it's pattern. But I believe the cup pattern has still a bit more to go. After the entry at 120, I will sell 50% of the stocks at 128 or close to it.
If a pull back starts at 128 I will wait for the pattern to complete and to rise above 124 on Buy Area 2. Once again I will sell only 50% once it reaches Sell Area at Stage 1 (135).
On both buy areas I will keep 50% to sell at 150 or close to it.
If the pullback doesn't happen at 128, the BUY AREA 2 goes to the value of 135 and there will be only one SELL AREA 2 between 140 and 143.
Please share your thoughts.
Once again my readings don't mean they are true, they are just ideas. so always take your time to analyze.
If a pull back starts at 128 I will wait for the pattern to complete and to rise above 124 on Buy Area 2. Once again I will sell only 50% once it reaches Sell Area at Stage 1 (135).
On both buy areas I will keep 50% to sell at 150 or close to it.
If the pullback doesn't happen at 128, the BUY AREA 2 goes to the value of 135 and there will be only one SELL AREA 2 between 140 and 143.
Please share your thoughts.
Once again my readings don't mean they are true, they are just ideas. so always take your time to analyze.