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Glen
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9 years 10 months ago #13753
by Trendfriend
Replied by Trendfriend on topic Glen
The weekly here seems to show a cup and handle breakout to me....which is off course bullish.
The daily shows a bull flag, so if that cup and handle is not correct, the bull flag is also present.
However to add some caution here, as the rsi looks to have or developing a divergence....
seeing as this has been bullish....must give those bullish patterns benefit of any doubt.
I wouldn't buy at these levels....if i was holding i would be looking for move to the main trendline at around 225p...but watch carefully imho...
ATB, and as always dyor and wdik.
Trendfriend.
The daily shows a bull flag, so if that cup and handle is not correct, the bull flag is also present.
However to add some caution here, as the rsi looks to have or developing a divergence....
seeing as this has been bullish....must give those bullish patterns benefit of any doubt.
I wouldn't buy at these levels....if i was holding i would be looking for move to the main trendline at around 225p...but watch carefully imho...
ATB, and as always dyor and wdik.
Trendfriend.
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