H&S Pattern aftermarth + short term
A head and shoulders pattern has formed between 24/07/2023 to 28/08/2023.
With a close above $4.44 on 28/08; we can expect some relief trading in the morning of 29/08/2023 to a potential $4.70 (where the second shoulder started to form) before trading to the downside in anticipation of ex-dividend on 05/09. Data update from T-4 settle of short selling will update as well perhaps recording an overall short % of 10%+ (an increase of 1.4% from 8.7%).
Trade entered at $4.51 with price target of $4.70 (an upside of 5%)
With a close above $4.44 on 28/08; we can expect some relief trading in the morning of 29/08/2023 to a potential $4.70 (where the second shoulder started to form) before trading to the downside in anticipation of ex-dividend on 05/09. Data update from T-4 settle of short selling will update as well perhaps recording an overall short % of 10%+ (an increase of 1.4% from 8.7%).
Trade entered at $4.51 with price target of $4.70 (an upside of 5%)
Trading ditutup: target tercapai
$4.70 profit taken.Trade aktif
Short started at $4.66Trading ditutup secara manual
Close at $4.60 with VWAP $4.62 hit + BB bands median close on 5 mins.Catatan
Double bottom attempt resulted in fail @ $3.86... Heading towards long term support of $3.59 like depicted in chart above.Catatan
Long term support has been hit at $3.59 with a close price of $3.58
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.
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.