MTN Cup & Handle Pattern Daily & Weekly
C&H pattern developed on daily and weekly after a nice run from 5800
*Price is consolidating between 7200 and 6500 (the handle)
*Price above the 30 week MA supports uptrend
*RSI in positive territory
*Gap at 7500 needs to be closed
Volume spike at 7200ish need to confirm Bullish breakout - sitting on hands
Note: Stochastic becoming overbought on weekly... (bear case)
Potential Targets: 7500, 8000 and perhaps 9000
Disclaimer: This is my personal view and opinion and should not be taken as trading advice...
*Price is consolidating between 7200 and 6500 (the handle)
*Price above the 30 week MA supports uptrend
*RSI in positive territory
*Gap at 7500 needs to be closed
Volume spike at 7200ish need to confirm Bullish breakout - sitting on hands
Note: Stochastic becoming overbought on weekly... (bear case)
Potential Targets: 7500, 8000 and perhaps 9000
Disclaimer: This is my personal view and opinion and should not be taken as trading advice...
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