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$FRG Entering #Breakout Mode on #CupandHandle #ChartPattern

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$NASDAQ:FRG formed a 3 month cup and handle chart pattern testing pattern boundary @ $26.75 multiple times and broke out last Thursday. The stock pulled back on Friday with the market selloff and is now testing the breakout level. This is a breakout pullback entry setup. Chances are stock will head higher to profit target around $34 considering the market doesn't sell off hard next week.
Catatan
The big gab down in the market this morning should have kept you away from getting in. The stock showed no signs of buying pretty much all morning long. There is nothing to do here for now. Watch to see if the stock trades back and closes above pattern resistance.
Order dibatalkan
multiple better set ups taking place. removing from watchlist
TaPlot
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
Juga di:
Chart PatternsChart patternsclassicalchartingCup And Handle

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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Chart PatternsChart patternsclassicalchartingCup And Handle
TaPlot
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
Juga di:

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.