When the stock broke the purple resistance on March 12, I decided that there must be something else here.. After a couple of days this set up was born.
However, one can observe that the stock is at the junior support (black lines)
Meanwhile, note the risky speculative way that I have set the Fibonacci ratracement levels. See how they exlain the recent horizontal moves.
However, one can observe that the stock is at the junior support (black lines)
Meanwhile, note the risky speculative way that I have set the Fibonacci ratracement levels. See how they exlain the recent horizontal moves.
Trade closed: stop reached