Breakout Reloaded with ATH in Sight | Fib Retrenchment Play |
After delivering a 300% return over 18 months post-breakout, the stock retraced to a key Fibonacci level and consolidated for 6 months. It has now broken out of the consolidation pattern with a significant volume spike and has surpassed the 200 EMA, signalling renewed bullish momentum. The target is set at the all-time high (ATH), with a stop loss placed just below the former resistance level, which now acts as support.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
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resistance acting as support, price reversal from 200 ema.
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.
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.