MCK - 7.88% Potential Profit - Bullish Pennant
Uptrend Support with a bullish pennant forming about to breakout.
Target price set at March's high.
- 5-month uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $159.35
Suggested Stop Loss $155.97
Target price $171.72
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Target price set at March's high.
- 5-month uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $159.35
Suggested Stop Loss $155.97
Target price $171.72
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Anulowano zlecenie:
Ended up not taking the trade due to a violent red candle. Might re-enter at confirmation of the new support line.