Decent pattern, nice possible gains
Price entry: $24.76
Price target $21.43
Stop-loss: $27.08
This price action is much more choppy than that of TWTC but it still shows a pretty clear Head and Shoulders Pattern. This pattern has already been confirmed due to a bounce in January and then all the following down days. Both the 50 and 200 SMA have formed a death cross which gives a bearish signal. I think this downwards run is not over yet, there is still profit to be made. I do not expect the price to bounce back up to $27.08 so I placed my stop-loss there, just over the 50% fib line. My price target is just under the 76.4% fib line at $21.43. The R/R is pretty small but I see it as the best option. OVerall I think this stock has potential to tank!
Price target $21.43
Stop-loss: $27.08
This price action is much more choppy than that of TWTC but it still shows a pretty clear Head and Shoulders Pattern. This pattern has already been confirmed due to a bounce in January and then all the following down days. Both the 50 and 200 SMA have formed a death cross which gives a bearish signal. I think this downwards run is not over yet, there is still profit to be made. I do not expect the price to bounce back up to $27.08 so I placed my stop-loss there, just over the 50% fib line. My price target is just under the 76.4% fib line at $21.43. The R/R is pretty small but I see it as the best option. OVerall I think this stock has potential to tank!
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.