Looks like Nasdaq is done correcting and looking up now as many stocks have corrected far enough and hit major supports.
One example here is CRSP. It had formed a head & shoulders earlier which followed thru all the way to hit just $2 shy of its H&S target at 98 on 5 March. Bounced and then retested close to this support zone (which comprised both the H&S target and the 61.8% fib retracement of it's entire AB swing up).
Time to accumuate. with initial stop loss slight below it's recent swing low 106. Trail profits up.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
One example here is CRSP. It had formed a head & shoulders earlier which followed thru all the way to hit just $2 shy of its H&S target at 98 on 5 March. Bounced and then retested close to this support zone (which comprised both the H&S target and the 61.8% fib retracement of it's entire AB swing up).
Time to accumuate. with initial stop loss slight below it's recent swing low 106. Trail profits up.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.