Heromotoco Simple Price action Analysis Bullish
Updated
HEROMOTOCO was in Down Trend in the past and now it has started creating HHs and HLs in the candlestick chart, this is a signal of an ongoing Up-Trend.As long as the last HL is holding price should go up and make a new HH in this chart. I have used the Channel tool to find out the right Target for now.
The expectation is Price will go up to 3400 i.e., an approximate 11% Return on Investment in quick succession.
Trade closed: target reached
Took its time but in the end achieved its target.
Related publications
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.