AMTD Forming Cup and Handle Pattern, Ready for 28% Leg Higher
TD Ameritrade was in a strong uptrend from mid-2016 until the start of 2017 where it ran into prior resistance at $47. After bouncing off that resistance, we’ve made our way back to the line, and now the handle is forming. This is the last phase where the remaining sellers at $47 shake out and the stock takes off for its next leg higher. We want to be long above $47.39 with a target of $60 (a 28% gain).
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