Burger King is on the verge of its long-awaited breakout. It has been respecting its 164.90 resistance line for long and consistantly.
As shown in the graph it's clear,
CUP & HANDLE Breakout on Daily time frame
Flag and pole breakout on the hourly time frame
The stock has been respecting its Fibonacci retracement levels, and right now is at the most crucial 61.9% retracement.
Its expected the scrip would take support at this level and go long for targets of 170 - 175 in the coming weeks. Good swing trade oppurtunity.
DISCLAIMER:- ALL INVESTMENT IDEAS ARE FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT WITH YOUR FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISIONS.
Do like the post and comment your thoughts.
Thanks and happy trading.
As shown in the graph it's clear,
CUP & HANDLE Breakout on Daily time frame
Flag and pole breakout on the hourly time frame
The stock has been respecting its Fibonacci retracement levels, and right now is at the most crucial 61.9% retracement.
Its expected the scrip would take support at this level and go long for targets of 170 - 175 in the coming weeks. Good swing trade oppurtunity.
DISCLAIMER:- ALL INVESTMENT IDEAS ARE FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT WITH YOUR FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISIONS.
Do like the post and comment your thoughts.
Thanks and happy trading.
Trade active:
Break-out done, support retesting. Get ready for 180 levels. Like and share if you bought burger king after reading this!
Trade closed: target reached:
Target of 180 achieved. Hope you guys made good money. Like & Follow for more of these swing trades.