LTIM Potential Breakout from Symmetrical Triangle Pattern

29 Ogo

✅ The stock is currently trading within a large symmetrical triangle pattern, showing a potential for a major breakout. The price is nearing the upper trendline of the triangle, indicating that a decisive move could be imminent.

✅ A recent increase in volume suggests rising interest, which adds credibility to a possible breakout. The RSI is trending upwards and approaching the 70 mark, indicating increasing bullish momentum.

✅ A successful breakout above the upper trendline, coupled with strong volume, could propel the stock towards higher levels, potentially revisiting its previous highs. Traders should watch for a close above the trendline as confirmation of this bullish move.