dissecting the ascending triangle in persistent tech
Updated
essentially this is an anatomy of a consolidation...
notable is the movement of price action above the resistance after the vertical line demacation
and high volume swing retest and then further narrowing of downswing range on good volume
breakout of 868 and close will be the key for beginning of the markup
more details..
forum.valuepickr.com/t/bull-therapy-101-thread-for-technical-analysis-with-the-fundamentals/16338/505?u=capsule91
disclaimer... not an investing/trading recommendation
notable is the movement of price action above the resistance after the vertical line demacation
and high volume swing retest and then further narrowing of downswing range on good volume
breakout of 868 and close will be the key for beginning of the markup
more details..
forum.valuepickr.com/t/bull-therapy-101-thread-for-technical-analysis-with-the-fundamentals/16338/505?u=capsule91
disclaimer... not an investing/trading recommendation
Note
schrts.co/5Ads3Xmarkup target from point and figure chart
1470-1590
30box width 3 reversal 10boxes from the last point of support
horizontal formations at base of 570 to lps at 690 taken
for calcualtion
Note
for conservative targettaking partial count..
stockcharts.com/freecharts/pnf.php?c=PERSISTENT.IN,PGUADANRRO[P][D][F1!3!18!!2!20]
13 boxes 18box width 3 reversal
horizontal formations at lps-666 and base of 558
targets lie within the range of 1260-1368
Note
Disclaimer
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