DENT has been trading sideways over the last couple of days. During this process, a bullish pennant pattern has been formed.
Bullish pennants are classically bullish continuation patterns, so that's where we're going to look at today.
I'm anticipating a break out from this pattern in the near future. A candle close above the pattern's resistance could be the starting sign of the next leg up. Be patient.
Targets in blue.
Bullish pennants are classically bullish continuation patterns, so that's where we're going to look at today.
I'm anticipating a break out from this pattern in the near future. A candle close above the pattern's resistance could be the starting sign of the next leg up. Be patient.
Targets in blue.
Nota
Price broke out at the bottom, no entry has been made and signal invalidated.
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Penerbitan berkaitan
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.