(AFDI)
The stock previously formed a symmetrical triangle, which was successfully broken on July 9. On the weekly chart, a clear Cup & Handle pattern has also developed.
If the price breaks above 35.8 and sustains, this would validate the pattern and open the way for the following medium- to long-term targets: 45 – 53.
⚠ The stop-loss level after a confirmed breakout is set at 35.5.
Trade Setup:
-Stock Code: AFDI
-Potential Buy Range: 35.8 – 36.8
-Target Price 1 (TP1): 45
-Target Price 2 (TP2): 53
-Stop-Loss (SL): 35.5 after breakout
The stock previously formed a symmetrical triangle, which was successfully broken on July 9. On the weekly chart, a clear Cup & Handle pattern has also developed.
If the price breaks above 35.8 and sustains, this would validate the pattern and open the way for the following medium- to long-term targets: 45 – 53.
⚠ The stop-loss level after a confirmed breakout is set at 35.5.
Trade Setup:
-Stock Code: AFDI
-Potential Buy Range: 35.8 – 36.8
-Target Price 1 (TP1): 45
-Target Price 2 (TP2): 53
-Stop-Loss (SL): 35.5 after breakout
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.