Does it CARE?
What pattern can we expect? Can we expect CARE to hit upper resistance zone of 700 750 and turn back?
Possible patterns:
1. Rounding bottom
2. Cup and handle (mean reversion in smaller time frame before the next upmove.
3. A double bottom reversal from 600 levels (the W reversal pattern).
I have entered at 600 with a positional view and a tgt of in the zone of 800-900.
I advise you to consult a professional before making any investment. I'm not a certified professional and I only share my view.
Possible patterns:
1. Rounding bottom
2. Cup and handle (mean reversion in smaller time frame before the next upmove.
3. A double bottom reversal from 600 levels (the W reversal pattern).
I have entered at 600 with a positional view and a tgt of in the zone of 800-900.
I advise you to consult a professional before making any investment. I'm not a certified professional and I only share my view.
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.