Chart has shown a series of higher lows while respecting channel support on a daily closing basis and we can expect price to continue this upward trend.
If you are already long on this trade, the first TP should be at the 50MA where supply will start to come in.
The next opportunity for a long entry would be either at pennant support or when we get a daily close...
Bigger picture still bullish .
Unless price break below 2.97
Maybe a new HH to hit 3.65 in the long run.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully...
This pattern is just as reliable at a bottom as at a top. The general rule of lower activity at bottoms is reflected the the Head and Shoulders Bottom . For this same reason, this bottom pattern is often longer and less broad, and the eventual breakout volume is often not as intense as on a Head and Shoulders Top. Overall, more demands are made on our patience....