Possibility of Profit: 40%
There is a CUP and Handle formation throughout different timeframes,
this formation is through a long period of time from April 2020 to the present, coupled with the fact that the Q-1 results have just been out, and a big financial firm has set a target of 110, but the target based on technical can be stretched easily to 140.
The current fall in this stock isn't correction but the reflection of market sentiment, those who entered before, exited after the index(s) fell thus capitalising their interest by buying this at cheap valuation now.
At 84.70 there is a big Support.
There is a CUP and Handle formation throughout different timeframes,
this formation is through a long period of time from April 2020 to the present, coupled with the fact that the Q-1 results have just been out, and a big financial firm has set a target of 110, but the target based on technical can be stretched easily to 140.
The current fall in this stock isn't correction but the reflection of market sentiment, those who entered before, exited after the index(s) fell thus capitalising their interest by buying this at cheap valuation now.
At 84.70 there is a big Support.