AVY - 7.83% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month bull run with a 3-month correction.
We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side.
- Target Entry $128.05
- Target Stop Loss $126.00
- Target Exit $137.85
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Avylong
AVY approaching resistance, potential drop! AVY is approaching our first resistance at 99.97 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 91.37 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price.