SRG trade ideas
SRG Global - Cup and Handle Pattern - Bullish!Solid volume coming through the last few days.
If SRG can close above the 62 mark I'm thinking thats confirmation of the cup and handle breakout and the start of a nice bullish run.
Additionally the Moving average compression is breaking to the upside and the relative strength v Index is strong.
Channel action with some big long term targetswell established and respected channel movement. great volume coming in on price bounce from bottom trent line. Short term opportunity for rise to top of channel. Long term opportunity for rise to highs of july 2019. Massive opportunity for long term gap fill from december 2018.
Entry 0.505
Target 0.570 - 0.580
Stop 0.470