Generac (GNRC) has completed a large cup & handle pattern, breaking out strongly above the neckline near $170 and pushing toward the $200 area. After the breakout, price is now consolidating in a bullish flag/handle formation (highlighted in blue), suggesting continuation higher if support holds.
The measured move projection of the cup & handle points toward a long-term bullish target above $300.
🔑 Trade Plan:
Entry Trigger: Breakout above $196–200 resistance zone.
Profit Targets:
Target 1: $230 (+20%)
Target 2: $260–270 (+40%)
Target 3: $300+ (long-term projection).
Stop-Loss: Below $170 (back under neckline support).
📊 GNRC shows strong accumulation and momentum, with multiple bullish structures aligning. As long as the $170 neckline holds, the trend favors upside continuation.
Not financial advice. No responsibility for any actions taken.
The measured move projection of the cup & handle points toward a long-term bullish target above $300.
🔑 Trade Plan:
Entry Trigger: Breakout above $196–200 resistance zone.
Profit Targets:
Target 1: $230 (+20%)
Target 2: $260–270 (+40%)
Target 3: $300+ (long-term projection).
Stop-Loss: Below $170 (back under neckline support).
📊 GNRC shows strong accumulation and momentum, with multiple bullish structures aligning. As long as the $170 neckline holds, the trend favors upside continuation.
Not financial advice. No responsibility for any actions taken.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.