In the Weekly Chart of PRSMJOHNSN ,
we can see that; after the Failure of Cup & Handle, the stock had around 40% correction.
After correction, it was in same range for 3 months ( can be viewed in Monthly TF ) and then it gave breakout from range and now a better Price Action is created in upward direction.
we can see that; after the Failure of Cup & Handle, the stock had around 40% correction.
After correction, it was in same range for 3 months ( can be viewed in Monthly TF ) and then it gave breakout from range and now a better Price Action is created in upward direction.