Descending triangle reversal pattern has been confirmed!
Nice descending triangle reversal pattern. Pattern broke through the upper line with a gapu up and very high volume. The pattern was confirmed a couple of days ago when the stock made a pullback, Price is just over the pivot point but under the 23.6% fib line Price target is around the 38.2% fib line at $19.34. If stock price would go down, stop-loss has been placed around a previous resistance now support level. Good sign that volume has decreased on consolidation. I'm not trading this stock but these are my views on it.
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.