Analysis:
Pattern Formation:
The chart shows three distinct lows at approximately the same price level, confirming the triple bottom pattern.
This pattern is a bullish reversal indicator, suggesting that the stock might be moving upward after breaking out from its resistance level.
Breakout Zone:
The upper blue line acts as the resistance zone.
A breakout above this level with significant volume would confirm the pattern and indicate a potential upward rally.
I may enter once the following are satisfied..
Consider entering after a confirmed breakout above the resistance level (upper blue line), ideally with a volume spike.
Moving averages and price action also indicate positive momentum.
This is for education purpose..do your own research if you want to enter :)
Pattern Formation:
The chart shows three distinct lows at approximately the same price level, confirming the triple bottom pattern.
This pattern is a bullish reversal indicator, suggesting that the stock might be moving upward after breaking out from its resistance level.
Breakout Zone:
The upper blue line acts as the resistance zone.
A breakout above this level with significant volume would confirm the pattern and indicate a potential upward rally.
I may enter once the following are satisfied..
Consider entering after a confirmed breakout above the resistance level (upper blue line), ideally with a volume spike.
Moving averages and price action also indicate positive momentum.
This is for education purpose..do your own research if you want to enter :)
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.