WAVES displays a promising bullish reversal pattern characterized by the formation of Cup & Handle pattern. Additionally, the stock price is supporting its ascending trend. Our plan entails accumulating the stock within the designated buy zone (7.20 - 7.50 range), while setting stop loss orders below the bottom of its CUP around 6.50 to manage risk effectively.
Anticipation builds initially around its neckline around 8.20 and upon the breakout from the neckline, anticipated around the 9 area.
It is paramount to approach trading with caution and adhere to sound money management principles. Your insights and perspectives on WAVES are encouraged.
Anticipation builds initially around its neckline around 8.20 and upon the breakout from the neckline, anticipated around the 9 area.
It is paramount to approach trading with caution and adhere to sound money management principles. Your insights and perspectives on WAVES are encouraged.
Nota
First target of 8.20 is achieved, will show some rejection from this level then will reach to second target
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.