I am analyzing CREDITACC using a monthly timeframe. Based on my analysis of the chart, CREDITACC appears to be trading near the fourth subwave of its third wave and has recently touched the lower boundary of the channel, as indicated in the chart. If CREDITACC proceeds to form the fifth subwave of its third wave, there is potential for profit. Therefore, my initial target will be set at 1670. If momentum remains strong, the position could be held until it reaches the upper boundary of the channel. I recommend placing a stop-loss below 1190.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.