As you see on the charts, if the stock crosses 550 levels and sustains above, it can be considered as the breakout of the Cup & handle pattern. Also, the rising parallel channel will be giving scope for a further upside move.
If does not cross 550 and not sustaining above, then this setup fails.
This is only one view according to the chart patterns, there may be different views while considering different time frames and setups.
Keep a watch . All the best.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
If does not cross 550 and not sustaining above, then this setup fails.
This is only one view according to the chart patterns, there may be different views while considering different time frames and setups.
Keep a watch . All the best.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Note
Keeping up the pace. Moves almost 100 points. Keep tracking. All the best.Note
Reached 640.Note
Crossed the projected price,
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.
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.