High probability medium term trade in Goodricke- upside of 258%
This is a medium-term high probability trade with an upside potential of up to 258%.
Duration- 8 to 10 months.
Multiple signs make this a high probable trade-
1) Bullish divergence in MOM indicator
2) Elliot wave (3) starting.
3) FLAG break breakout. Height of the pole is 258% hence the optimum target
There is a GAP just above the break-out zone, wait for a close above 258-259 and then go long.
Stop loss- 198, trail the stop loss as the trend develops.
Follow, like, and comment-
Will keep updating this to track the progress and trail stop loss as the trend develops. FOLLOW to get notified.
Duration- 8 to 10 months.
Multiple signs make this a high probable trade-
1) Bullish divergence in MOM indicator
2) Elliot wave (3) starting.
3) FLAG break breakout. Height of the pole is 258% hence the optimum target
There is a GAP just above the break-out zone, wait for a close above 258-259 and then go long.
Stop loss- 198, trail the stop loss as the trend develops.
Follow, like, and comment-
Will keep updating this to track the progress and trail stop loss as the trend develops. FOLLOW to get notified.
Note
Break out confirmed today.
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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.