CASHBUILD LTDLong
$JSECSB - Cashbuild: Two Technical Reasons For Bullish Outlook
See link below for previous analysis.
Cashbuild has been trading in a falling wedge pattern for over two years but the April 2024 low could be significant.
There are two technical reasons for optimism in Cashbuild:
1) Price looks to have broken out of the wedge pattern, though without much acceleration.
2) The MACD has been converging with price since October 2022 and is now holding above the
zero line.
I will maintain a bullish stance above the key invalidation level of 12150.
Cashbuild has been trading in a falling wedge pattern for over two years but the April 2024 low could be significant.
There are two technical reasons for optimism in Cashbuild:
1) Price looks to have broken out of the wedge pattern, though without much acceleration.
2) The MACD has been converging with price since October 2022 and is now holding above the
zero line.
I will maintain a bullish stance above the key invalidation level of 12150.
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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.
Related publications
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.