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CIND | Cup & HandleThe stock has broken above the Cup and Handle pattern and is currently facing resistance at the target price of 87. Additionally, it appears to be forming another, wider handle formation. If the stock retraces, it could test the neckline at 79.50 levels for support before potentially moving higher towards the second target price of 96 levels (at Fibonacci retracement of 0.786) based on the broader Cup and Handle pattern. However, if the 79.50 level fails to provide support, the stock may test the 74.50 level (which represents the 0.618 Fibonacci retracement taken from the levels of 66 to 86.4).
CSELK:CIND.N0000
by UnknownUnicorn33113667
2
GLAS | Cup & HandleThe stock has formed a cup and handle pattern. As the pattern has not been broken yet, and the Relative Strength Index (RSI) is approaching the trendline resistance, it may be best to trade with a stop-loss order placed below the previous higher low of 14.60. If the neckline resistance at 15.50 levels is breached, the stock may reach Fibonacci retracement level 0.65 at 18 levels or even higher, possibly towards 18.50 levels. Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
CSELK:GLAS.N0000Long
by UnknownUnicorn33113667
5