So!
Guiness NIgeria PLC price action just formed a Cup and Handle pattern. The chart could also double for an inverse head and shoulder.
Current price: 60.25
Investment buy reasons:
1. Notably, a high volume buy of over 49.5m just entered into the market.
2. Current price is the low price of 2017 and hence Low Risk Buy
Profit taking areas if this analysis proves right: 107, 170, 212
Analysis invalidates below 49
One of the questions i get: "why you charting stocks?". Really? Isn't Price action involved in it's movements?
Guiness NIgeria PLC price action just formed a Cup and Handle pattern. The chart could also double for an inverse head and shoulder.
Current price: 60.25
Investment buy reasons:
1. Notably, a high volume buy of over 49.5m just entered into the market.
2. Current price is the low price of 2017 and hence Low Risk Buy
Profit taking areas if this analysis proves right: 107, 170, 212
Analysis invalidates below 49
One of the questions i get: "why you charting stocks?". Really? Isn't Price action involved in it's movements?
Nota
break out of handle!Nota
Idea still valid...currently 63.5Nota
Idea still valid... now 68!Trade ativo
Guiness Nigeria Idea is still valid....
Nota
Profit taking areas if this analysis proves right: 107, 170, 212Current price: 77
Nota
GUINNESS moving...
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.
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.