H&S Pattern aftermarth + short term
A head and shoulders pattern has formed between 24/07/2023 to 28/08/2023.
With a close above $4.44 on 28/08; we can expect some relief trading in the morning of 29/08/2023 to a potential $4.70 (where the second shoulder started to form) before trading to the downside in anticipation of ex-dividend on 05/09. Data update from T-4 settle of short selling will update as well perhaps recording an overall short % of 10%+ (an increase of 1.4% from 8.7%).
Trade entered at $4.51 with price target of $4.70 (an upside of 5%)
With a close above $4.44 on 28/08; we can expect some relief trading in the morning of 29/08/2023 to a potential $4.70 (where the second shoulder started to form) before trading to the downside in anticipation of ex-dividend on 05/09. Data update from T-4 settle of short selling will update as well perhaps recording an overall short % of 10%+ (an increase of 1.4% from 8.7%).
Trade entered at $4.51 with price target of $4.70 (an upside of 5%)
İşlem kapandı: hedefe ulaştı
$4.70 profit taken.İşlem aktif
Short started at $4.66İşlem elle kapatılmış
Close at $4.60 with VWAP $4.62 hit + BB bands median close on 5 mins.Not
Double bottom attempt resulted in fail @ $3.86... Heading towards long term support of $3.59 like depicted in chart above.Not
Long term support has been hit at $3.59 with a close price of $3.58
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.