The stock is at resistance one can go short at 7583.2 with SL at 7645 for T1 - 7500 T2 - 7463 T3 - 7327
Keep Strict SL as it is against trend with big volume invitation.
Presented by John Bollinger at the Online Traders Summit on 1/27/18.
www.youtube.com
Bollinger Bands are so popular worldwide because they tell traders whether prices are high or low on a relative basis; vital information for profitable investing.
During his session, the creator of Bollinger Bands will introduce important Bollinger Band indicators and review...
In weekly/monthly, ascending triangle is forming here, also 7300-7450, is a multi year resistance zone.
So after breakout the pattern will be confirmed, and we can get a tgt of 9200+
In shorter time frame, trend is up, BB is is trending upward and candles are riding above 20 ma,
we ll discuss in detail about the tgts and sl, post breakout
Ascending triangle formation on Weekly charts. BO above 7370 will lead to 2400 points move. SL: 6940 (though IMO, this is a BUY-and-HOLD kind of stock)
Stock is trading near its resistance area. But as marked in the chart price is 2nd time breaking out of its falling trend line which indicating that we may see new all time high in stock price very soon.
