The price is forming in a potential cup and handle pattern. If, the pattern forms then traders should take a long position. The stock is expected to have bullish breakout of the cup and handle according to the pattern. Entry level is at the horizonal entry line, entry is possible either, immediately after breakout of the cup´s handle with the volume surge or, a retest that confirms the resistance line as a new support level. Trade exit is highlighted in flag at the top of the arrow.
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
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.