SPENCERS - Inverted Head n Shoulder breakout
Updated
SPENCERS has given Inverted Head n Shoulder pattern breakout around 75-76 resistance levels.
Price momentum is strong along with good volumes.
Looks like trend reversal in the stock after long time. Looks good for long.
Target: 100+ and beyond
SL: Daily candle close below 75
Price momentum is strong along with good volumes.
Looks like trend reversal in the stock after long time. Looks good for long.
Target: 100+ and beyond
SL: Daily candle close below 75
Trade closed: target reached
Target reached :)However looking at price action and momentum+vol, looks like this has long way to go, can trail sl.
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.