(34/1000)
Ascending Triangle for SFL on the weekly chart.
Not confirmed
Possible 56,37% gains.
As per graph on the right, S&P Industrial is building into an ascending triangle (not confirmed) with a possible 55.23% gain.
SFL analysis:
Not a lot of pros on this one.
Pros:
1- Bullish Ascending triangle
2- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 50MA above 200MA
Cons:
1 - ATR descending, less volatility
2- 250RSI below 50 but ascending
3- 50MA and 200MA descending
4- RS below 0 and flat
If confirmed, Target price is 18,45$
Stay humble, have fun, make money!
MAAX!
Ascending Triangle for SFL on the weekly chart.
Not confirmed
Possible 56,37% gains.
As per graph on the right, S&P Industrial is building into an ascending triangle (not confirmed) with a possible 55.23% gain.
SFL analysis:
Not a lot of pros on this one.
Pros:
1- Bullish Ascending triangle
2- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 50MA above 200MA
Cons:
1 - ATR descending, less volatility
2- 250RSI below 50 but ascending
3- 50MA and 200MA descending
4- RS below 0 and flat
If confirmed, Target price is 18,45$
Stay humble, have fun, make money!
MAAX!