Stock broke from a pattern largely resembling a cup and handle, with the breakout resistance indicated by the purple line. Stock has since retraced to the breakout and found support with a good hammer candle on the retest. Seeking a measured target as shown based on the depth of the cup.
Stock has used the 20 EMA as a pivot point for an extended period, offering a good indicator for an exit with a close greater than 2% below.
Stock has used the 20 EMA as a pivot point for an extended period, offering a good indicator for an exit with a close greater than 2% below.
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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.