Generac (GNRC) has completed a large cup & handle pattern, breaking out strongly above the neckline near $170 and pushing toward the $200 area. After the breakout, price is now consolidating in a bullish flag/handle formation (highlighted in blue), suggesting continuation higher if support holds.
The measured move projection of the cup & handle points toward a long-term bullish target above $300.
🔑 Trade Plan:
Entry Trigger: Breakout above $196–200 resistance zone.
Profit Targets:
Target 1: $230 (+20%)
Target 2: $260–270 (+40%)
Target 3: $300+ (long-term projection).
Stop-Loss: Below $170 (back under neckline support).
📊 GNRC shows strong accumulation and momentum, with multiple bullish structures aligning. As long as the $170 neckline holds, the trend favors upside continuation.
Not financial advice. No responsibility for any actions taken.
The measured move projection of the cup & handle points toward a long-term bullish target above $300.
🔑 Trade Plan:
Entry Trigger: Breakout above $196–200 resistance zone.
Profit Targets:
Target 1: $230 (+20%)
Target 2: $260–270 (+40%)
Target 3: $300+ (long-term projection).
Stop-Loss: Below $170 (back under neckline support).
📊 GNRC shows strong accumulation and momentum, with multiple bullish structures aligning. As long as the $170 neckline holds, the trend favors upside continuation.
Not financial advice. No responsibility for any actions taken.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。