THOMASCOTT - Weekly Chart Analysis
After forming a base of 15 months and breaking out of it it went into consolidating another 5 weeks in a 16% range showing strength by sustaining above the previous ATH levels and then breaking out this week with super volumes.
It is sailing above all its key moving averages.
Trend based fib levels 105 - 127 - 155.
View stand invalid if price close below 48.40 on a weekly timeframe.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
It is sailing above all its key moving averages.
Trend based fib levels 105 - 127 - 155.
View stand invalid if price close below 48.40 on a weekly timeframe.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Comment:
2nd target (127) level tested.
80 --> 105 --> 127 (~60%gains)
80 --> 105 --> 127 (~60%gains)
Comment:
Done with all targets.
80 --> 105 --> 127 --> 155 (~100%+ gains)
80 --> 105 --> 127 --> 155 (~100%+ gains)
Trade closed: target reached
80 --> 105 (~31%gains)