CENTRAL GARDEN & PET COMPANY IS FORMING A CUP & HANDLE- LONG
Updated
CENT IS DEVELOPING A CUP & HANDLE W/ LONG IMPLICATIONS. IN ADDITION, PRICE IS ABOVE OF SMA 50 AND THERE IS A POSITIVE DIVERGENCE WITH THE INDICATORS.
ENTER WHEN PRICE BREAKS UP AT 39.31 WITH AN INITIAL TARGET OF 42.29, WHICH HAPPEN TO BE 1.618% EXTENSION OF FIBONACCI.
I BELIEVE THIS COULD BE AN INITIAL POINT OF MUCH LARGER TREND.
THIS PATTERN IS FOR EDUCATIONAL PURPOSES.
GOOD LUCK!!!!
https://www.tradingview.com/chart/U22Zlu0v/
ENTER WHEN PRICE BREAKS UP AT 39.31 WITH AN INITIAL TARGET OF 42.29, WHICH HAPPEN TO BE 1.618% EXTENSION OF FIBONACCI.
I BELIEVE THIS COULD BE AN INITIAL POINT OF MUCH LARGER TREND.
THIS PATTERN IS FOR EDUCATIONAL PURPOSES.
GOOD LUCK!!!!
https://www.tradingview.com/chart/U22Zlu0v/
Note
TARGET ACHIEVED
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