Goldiam International- Breakout from Long-Term Resistance

The stock has broken out of a long-term descending triangle pattern on the weekly chart. The breakout above 400 marks the end of a consolidation phase that lasted nearly two years. If the stock sustains above 400 with continued volume, it could see a strong rally toward 500 and beyond. A retest of 400 as support would provide an excellent buying opportunity for positional traders.