Cup and handle pattern + rising triangle on daily
✨️ EIPICO Pharmaceuticals (PHAR)
The stock has formed a cup and handle pattern on the weekly chart. On the daily chart, a rising triangle has also been confirmed, with today’s breakout above both patterns supported by the highest trading volume in the past 8 months.
If the stock manages to hold above 54, it will be positioned for the following targets:
Short-term: 60
Medium to long-term: 74 – 80 (targets of both chart patterns)
⚠️ Currently, the 54 level serves as the stop-loss. In case of a close below it, stop-loss should be activated to protect capital.
Trading Plan:
Stock Code: PHAR
Potential Buy Range: 54 – 55.7
TP1: 60
TP2: 74
TP3: 80
Stop-Loss: 54 (confirmation required)
Trailing stop-loss is recommended
The stock has formed a cup and handle pattern on the weekly chart. On the daily chart, a rising triangle has also been confirmed, with today’s breakout above both patterns supported by the highest trading volume in the past 8 months.
If the stock manages to hold above 54, it will be positioned for the following targets:
Short-term: 60
Medium to long-term: 74 – 80 (targets of both chart patterns)
⚠️ Currently, the 54 level serves as the stop-loss. In case of a close below it, stop-loss should be activated to protect capital.
Trading Plan:
Stock Code: PHAR
Potential Buy Range: 54 – 55.7
TP1: 60
TP2: 74
TP3: 80
Stop-Loss: 54 (confirmation required)
Trailing stop-loss is recommended
Pernyataan Penyangkalan
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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.