DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Stock has broken wedge pattern on daily chart with good volume.
It is set to test major hurdle near 100.
Long near 87-89 zones with Stop-loss 75.4
📌 Wave 3 target 98-100 if crosses and closes above 100 then wave 3 will get extended then it will move up towards 127 which is 2.618. This will mean breaking major 130 level which is channel resistance.
📌 If wave 3 is not extended and ends near 98-99 then after wave 4 should retrace little 88-89.
📌 Wave 5 should end near 117
📌 Only allocate small portion of the capital and do your own study or ask your financial advisors before investing
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
Stock has broken wedge pattern on daily chart with good volume.
It is set to test major hurdle near 100.
Long near 87-89 zones with Stop-loss 75.4
📌 Wave 3 target 98-100 if crosses and closes above 100 then wave 3 will get extended then it will move up towards 127 which is 2.618. This will mean breaking major 130 level which is channel resistance.
📌 If wave 3 is not extended and ends near 98-99 then after wave 4 should retrace little 88-89.
📌 Wave 5 should end near 117
📌 Only allocate small portion of the capital and do your own study or ask your financial advisors before investing
Comment:
Wave 3 target hit
