That last number should read 35.5
Intra-year cup and handle pattern..keeping mind this stock has fallen a long way so there will be a lot of resistance overhead. Yearly high is 51.94.
Mid cup is 18.70. Folks usually place a stop somewhere below the HL or MC.
When a stock has fallen this far, it can be a downright battle to get back up to former levels. There are still folks possible "stuck" overhead and holding this at much higher levels who are just waiting to unload this, which may affect rallies upward for a while to come. It is not easy to get off the bottom sometimes..)o:
This is why some folks only buy over all resistance at the top. I have thought about this, and eventually everything comes down, or pulls back. So then resistance is created. Finding the top can be just as hard as finding the bottom..lol. All we can do is make an educated guess.
A chart is just an xray of supply and demand.
Not a recommendation
Intra-year cup and handle pattern..keeping mind this stock has fallen a long way so there will be a lot of resistance overhead. Yearly high is 51.94.
Mid cup is 18.70. Folks usually place a stop somewhere below the HL or MC.
When a stock has fallen this far, it can be a downright battle to get back up to former levels. There are still folks possible "stuck" overhead and holding this at much higher levels who are just waiting to unload this, which may affect rallies upward for a while to come. It is not easy to get off the bottom sometimes..)o:
This is why some folks only buy over all resistance at the top. I have thought about this, and eventually everything comes down, or pulls back. So then resistance is created. Finding the top can be just as hard as finding the bottom..lol. All we can do is make an educated guess.
A chart is just an xray of supply and demand.
Not a recommendation
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.