Ascending triangle pattern on LEMONTREE
LEMONTREE formed an ascending triangle pattern on daily chart. With multiple support and resistance tested. Price broke out of resistance today with strong volume. Also note the low volume during consolidation and when price goes down indicating sellers are not willing to sell at lower price. This forms a good support for long opportunity. Moreover, the momentum has been on rise on every swing with a gap up on breakout indicating bulls are out there. Ideal risk reward with stop just below last breakout candle low.
Hope you like this idea, if so please boost this idea or leave a comment below on what you think. I'll be glad to hear from you. otherwise happy trading :-)
Hope you like this idea, if so please boost this idea or leave a comment below on what you think. I'll be glad to hear from you. otherwise happy trading :-)
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