This chart of ABSALM demonstrates a textbook “Cup and Handle” formation—a highly respected bullish continuation pattern in technical analysis. After months of consolidation, ABSALM has finally triggered a breakout candle above the handle resistance, signaling potential for a strong upward move. The pattern indicates renewed buying interest and possible momentum shift, making this a compelling setup for swing traders and investors. Are you ready to ride the next leg of this trend?
Share your thoughts: Will ABSALM sustain the breakout or face resistance ahead? Drop your predictions below!
Share your thoughts: Will ABSALM sustain the breakout or face resistance ahead? Drop your predictions below!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.