Boston Beer running up W Formation breakout
W Formation has formed after an extended downtrend.
The price has broken above and has a likelihood of running up.
Price above all MAs
Target $571.54
CONCERNS:
After a steep downtrend, the price is still vulnerable for upside. Either it rallies hard and furious. Or the market comes back down into the formation.
Either way, we have out signal to go long.
The price has broken above and has a likelihood of running up.
Price above all MAs
Target $571.54
CONCERNS:
After a steep downtrend, the price is still vulnerable for upside. Either it rallies hard and furious. Or the market comes back down into the formation.
Either way, we have out signal to go long.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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