Stop under C
Virtually all of the travel stocks are trading in this pattern.
Targets 2 are long term targets and it is most likely the stock will become overbought or pull back before reaching those targets. Sometimes targets 2 are never reached. Sometimes you are lucky to get targets 1. Technical analysis is not an exact science and it is up to us to learn when it is time to sell. Having a target in mind helps tremendously though.
Not a recommendation
Virtually all of the travel stocks are trading in this pattern.
Targets 2 are long term targets and it is most likely the stock will become overbought or pull back before reaching those targets. Sometimes targets 2 are never reached. Sometimes you are lucky to get targets 1. Technical analysis is not an exact science and it is up to us to learn when it is time to sell. Having a target in mind helps tremendously though.
Not a recommendation
Kommentera:
Targets, especially T2, are dependent on market conditions. Also on whether the stock becomes overbought on way to targets so always keep your eyes open (o: