ScotianBot

Ascending Triangle breakout for TRIL?

Panjang
NASDAQ:TRIL   None
It appears as though TRIL is breaking the horizontal resistance of the ascending triangle, only modestly at the time being.

The two green lines are the shoulders of an Inverted Head & Shoulders, and the blue head is obviously the head of the pattern.

On the RSI there's a bullish flag or descending triangle forming, I guess we will see if there's enough momentum to break through the downward sloping resistance, and possibly back test turning into support like I have drawn hypothetically in green.

A bearish cross already happened on the KST, it looks like a bullish cross is on the horizon.

Clearly a divergence between the price rising and the RSI moving moderately sideways.

Penafian

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