ITC trying to approach resistance line again
Zaktualizowano
ITC if closes above 457-460 range then it will targets 482 and LTH (498), monthly closing above 500 will open another run of 300 points at least means 800.
** This is not a trade advise, just making predictions on closing basis on timeframes mentioned.
** This is not a trade advise, just making predictions on closing basis on timeframes mentioned.
Uwaga
if the stock crosses LTH then it will confirm the completion of correction phase in the form of ABC with low made around 400. So long term investment must be done when it seems to be giving monthly closing above 500.If this week it closes above 450 then there will be pattern of 3 white soldiers on weekly which will be another good sign + trendline breakout so closing above 457-460 is important number to watch for.
Uwaga
Great going so far, crossed 453 today, closing above 460 this week is going to be very good sign to move towards 500.Zlecenie zamknięto ręcznie
The target of 800 be not correct, will post another analysis, closing this one.
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