Last week we saw pretty nice spike in
TM with the announcement of the shares buyback. I bet against it even though i had it targeted to reach $206, but with all the uncertainty in the market I thought it wouldn't make it. As it hit the peak of $213 we can see it formed a head and shoulders pattern which brought us back down into the 2nd gap of the original breakout. Now we have a mini inverse head and shoulders that should only push the stock around $210 being as though it is on a smaller time frame and a short downtrend it won't have any real effect. My target for this week is $209-$206 maybe $205 for the lowest. I do see this continuing to go down into next week through into the 1st gap and back to retest the original breakout around $199/$200 area.
TM
Trade Different
STACKS - 16yr professional price action trader
Whop - whop.com/trade-different-6a/?store=true
X - @_TradeDifferent
STACKS - 16yr professional price action trader
Whop - whop.com/trade-different-6a/?store=true
X - @_TradeDifferent
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Trade Different
STACKS - 16yr professional price action trader
Whop - whop.com/trade-different-6a/?store=true
X - @_TradeDifferent
STACKS - 16yr professional price action trader
Whop - whop.com/trade-different-6a/?store=true
X - @_TradeDifferent
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
