What pattern can we expect? Can we expect CARE to hit upper resistance zone of 700 750 and turn back?
Possible patterns:
1. Rounding bottom
2. Cup and handle (mean reversion in smaller time frame before the next upmove.
3. A double bottom reversal from 600 levels (the W reversal pattern).
I have entered at 600 with a positional view and a tgt of in the zone of 800-900.
I advise you to consult a professional before making any investment. I'm not a certified professional and I only share my view.
Possible patterns:
1. Rounding bottom
2. Cup and handle (mean reversion in smaller time frame before the next upmove.
3. A double bottom reversal from 600 levels (the W reversal pattern).
I have entered at 600 with a positional view and a tgt of in the zone of 800-900.
I advise you to consult a professional before making any investment. I'm not a certified professional and I only share my view.