SPDR S&P Oil & Gas Explor & ProductPembelian
Cup and Handle Formation and Possible Entry and Target Prices
A cup and handle has formed on the hourly chart. As price struggles to find direction, it will either break out or fall to the old support and get squeezed into a breakout to the upside. If price breaks above the trendline and holds at or around any of these points, entry positions can be made and held until the conservative target price of +7.23 is reached.
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