TheArtOfCharting

SM - 4 months CUP & HANDLE

Giá lên
NYSE:SM   SM Energy Company
═════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS


🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌

Last consolidation took the form of a compact Cup & Handle and took place close to the merging point of a quite strong previous resistance at 42.00 with the last trendline we can draw (even 200 days EMA is approximately there). So, it's clear that prices are at a point in which they have to choose the direction of the next move.

  • Pattern Class: 🌕🌕🌕🌕🌑
  • Target area: 49.70
  • Breakout area above: 39.00
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
════════════════════════════════
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.