Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
TCPI
stock is showing signs of strengthening after a correction for approximately 5 weeks.
There are at least 3 signs that can be observed through the weekly time frame:
1. Price decline was rejected at the Fibonacci ratio of 0.786
2. The last bar forms a pin bar pattern, which can be a sign that the price will reverse up
3. Stochastic indicator shows oversold and golden cross at <20 level
While for the upside target, the 10475 level is an area that is quite worthy of consideration with the basis of the AB=CD pattern and also the 1.272 Fibonacci ratio, and can continue to the 11175 level which is the 1.618 Fibonacci ratio target.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
TCPI
stock is showing signs of strengthening after a correction for approximately 5 weeks. There are at least 3 signs that can be observed through the weekly time frame:
1. Price decline was rejected at the Fibonacci ratio of 0.786
2. The last bar forms a pin bar pattern, which can be a sign that the price will reverse up
3. Stochastic indicator shows oversold and golden cross at <20 level
While for the upside target, the 10475 level is an area that is quite worthy of consideration with the basis of the AB=CD pattern and also the 1.272 Fibonacci ratio, and can continue to the 11175 level which is the 1.618 Fibonacci ratio target.