INL
has formed a Cup and Handle pattern which is a bullish continuation pattern. "As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance." (from Stockcharts.com)
I have entered a long position on today's price action as it has broken through the level at the top of the cup.
To establish the target, I have measured the depth of the cup and extrapolated it upwards which goes all the way to the next resistance level.
THE EXACT SAME STRATEGY CAN BE APPLIED OT
INP
Сделка активна