FORTUBE: Descending Triangle and Bullish divergence

meetmoneypenny Updated   
Keep FOR (Fortube) in your watchlist. Buy on breakout of the descending triangle with good volume at POC (Point of Control levels) that is the price level for the time period with the highest traded volume that has utmost importance here so when that zone breaks with good volume we need to take an entry. This is high risk trade and so are the profits. Here we can also notice a RSI bullish divergence, in which RSI looks bullish whereas the candlesticks are still neutral, also notice a double bottom. That's why it's a perfect setup. Happy Trading!
T1 done

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.