Chamblefertilizer is in trading inside a falling channel since Sept 2022 and with every lower low, RSI has made triple bottom and now showing breakout.
While Price is yet to breakout of the falling channel. Price is currently trading above ema 20 and ema 63, with ema63>ema20.
Chances of Price hitting ema 200 are on higher side as medium term sellers may be in looking to book profit with price sustaining above ema63.
Price is also forming inverted H&S pattern on charts which is still to complete and activate but anticipation of price moving higher and breaking out is high.
While Price is yet to breakout of the falling channel. Price is currently trading above ema 20 and ema 63, with ema63>ema20.
Chances of Price hitting ema 200 are on higher side as medium term sellers may be in looking to book profit with price sustaining above ema63.
Price is also forming inverted H&S pattern on charts which is still to complete and activate but anticipation of price moving higher and breaking out is high.
Note
Chamble did well todayNote
Chamble now 300+
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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.