-Stock broke out of a downward channel and then consolidated for a few weeks with volumes drying up.
-Stock broke out yesterday after consolidation, confirming a double bottom and an inverted head & shoulder pattern.
-Stock also broke above a long-term resistance line that has been tested multiple times over the years.
-Breakout was on high volume.
-Stock sustaining above 50 DMA which has acted as resistance in the past.
-Huge bullish divergence on RSI.
-Bullish divergence on Stochastic.
-Huge Bullish divergence on MACD along with MACD line crossing over 0.
-Bullish divergence on weekly MACD, RSI, and Stochastic as well.
Not n investment advice. Do your own due diligence.
Disclosure: Invested.
-Stock broke out yesterday after consolidation, confirming a double bottom and an inverted head & shoulder pattern.
-Stock also broke above a long-term resistance line that has been tested multiple times over the years.
-Breakout was on high volume.
-Stock sustaining above 50 DMA which has acted as resistance in the past.
-Huge bullish divergence on RSI.
-Bullish divergence on Stochastic.
-Huge Bullish divergence on MACD along with MACD line crossing over 0.
-Bullish divergence on weekly MACD, RSI, and Stochastic as well.
Not n investment advice. Do your own due diligence.
Disclosure: Invested.
Nota
About freaking time!!!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.