CLOV trade ideas
Cup & Handle Formation on Weekly TF.
Immediate Resistance is around 55 - 55.20
which may seems to break this time with
immediate targets around 60.
& if 60 is crossed with Good Volumes, we may
witness New Highs around 71 - 72 & then may
be around 80, 81 & 90.
On the flip side, it should not break 36.
CLOV - PSX - Technical AnalysisOn Daily TF, trend is following Harmonic Bearish Reversal Crab Pattern. Point D defines the TP here which is a potential reversal zone.
For education purpose, this is Crab not Butterfly because Butterfly Pattern has B point at much higher level at 0.786 with Point D at much lower level of 1.27 level.
RSI is around 80 and seeing the resistance zone (53.93~54.63) it is likely to retrace a bit before going up and breaking the resistance.
Klinger is also suggesting a very strong bull run.
Trade Values
Buy 1; 49~50 (On retrace)
Buy 2: 55 (after breaking resistance zone)
TP: 59
CLOV Analysis 2.0 (Long).๐ Trade Alert: CLOV ABCD & Falling Wedge Pattern ๐
We have identified a promising trading setup in CLOV, featuring a combination of bullish patterns:
ABCD Pattern ๐
Falling Wedge Pattern ๐ปโก๏ธ๐
Entry Point:
Our entry was marked at the Lower High (LH), with the breakout occurring at 48.70.
Current Market Price (CMP):
If you missed the initial entry, you can still buy at the CMP with the following target prices:
Target Prices (TP):
TP 1: 54.30 ๐ฅ
TP 2: 58.00 ๐ฅ
Stop Loss (SL):
Place your stop loss below 45.00 to manage risk.
Technical Indicators:
The Relative Strength Index (RSI) is synchronized with no divergence, reinforcing our bullish outlook.
Trade Summary:
Buy at CMP
TP 1: 54.30
TP 2: 58.00
SL: Below 45.00
Good Luck! ๐
Stay informed and trade smart! ๐
CLOVAfter consolidating between 0.5 (22.93)and 0.382 (25.38) Fibonacci levels. The price broke above the level. Resistance lied at the previous high of 33.34 which needs to break for a new high. Previous resistance of 25.38 now acts as support and the break of the support can pull the price more downward. Use stop loss to manage risk below the support level.