Crest Ventures Ltd (CRESTVENT): Cup and Handle Breakout Potentia
The weekly chart for Crest Ventures Ltd shows a potential cup and handle breakout, a bullish reversal pattern.
Key factors supporting this bullish outlook include:
Trading Idea:
Entry: Buy above the breakout level (around 588.45) with a stop loss below the handle formation (around 540.25).
Target: 699.
Stop Loss: 540
Disclaimer: This is for informational purposes only and does not constitute financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
Key factors supporting this bullish outlook include:
- Cup and handle pattern formation.
- Breakout from the handle formation.
- Bullish divergence in the RSI.
- Positive crossover of 50-day and 200-day moving averages.
Trading Idea:
Entry: Buy above the breakout level (around 588.45) with a stop loss below the handle formation (around 540.25).
Target: 699.
Stop Loss: 540
Disclaimer: This is for informational purposes only and does not constitute financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
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.