Cup and handle pattern still on the going, but I change the objective price up to $4.9X to $5.06
MACD confirms the bearish movement, so we can expect the price goes lower, also StochRSI shows that we're on the bottom of the oscillation, so we can wait a few more days for the rising movement and the probabilty of a bullish trend if C&H pattern is confirmed.
I think we can achieve the objective price before the next earnings results on august 2nd.
Anyway: this is not an investment advice. but I'm in and I'll wait to see this.
I think this is the same pattern for (with different objectives of course):
$NASDAQ:CDEV
$NYSE:CPE
MACD confirms the bearish movement, so we can expect the price goes lower, also StochRSI shows that we're on the bottom of the oscillation, so we can wait a few more days for the rising movement and the probabilty of a bullish trend if C&H pattern is confirmed.
I think we can achieve the objective price before the next earnings results on august 2nd.
Anyway: this is not an investment advice. but I'm in and I'll wait to see this.
I think this is the same pattern for (with different objectives of course):
$NASDAQ:CDEV
$NYSE:CPE
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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.