Update: first target hit, moved stop loss at break-even,
Update: Closed first half at first target=$20(200 points), second half at 1240(120 points)
Profit(points)=320
Major rejection at the neckline for the double bottom pattern, I am willing to buy weakness. Potential targets at 1248.00 followed by the 50-days SMA and 1265.00.
Update: Closed first half at first target=$20(200 points), second half at 1240(120 points)
Profit(points)=320
Major rejection at the neckline for the double bottom pattern, I am willing to buy weakness. Potential targets at 1248.00 followed by the 50-days SMA and 1265.00.