M_MFIN positive
Reasons for Bias:
Trend Reversal: The stock has shifted from a bearish to a bullish trend.
Strong Trend Momentum: There is strong momentum driving the trend, indicating sustained buying interest.
Patterns Involved:
-Cup and Handle (Monthly Timeframe): The stock is forming a cup and handle pattern on the monthly timeframe, which is a bullish continuation pattern suggesting further upward movement.
-Flag (Weekly Timeframe): On the weekly timeframe, the stock is forming a flag pattern, indicating a potential continuation of the recent bullish trend.
These technical patterns and strong trend momentum support a bullish bias for the stock.
Trend Reversal: The stock has shifted from a bearish to a bullish trend.
Strong Trend Momentum: There is strong momentum driving the trend, indicating sustained buying interest.
Patterns Involved:
-Cup and Handle (Monthly Timeframe): The stock is forming a cup and handle pattern on the monthly timeframe, which is a bullish continuation pattern suggesting further upward movement.
-Flag (Weekly Timeframe): On the weekly timeframe, the stock is forming a flag pattern, indicating a potential continuation of the recent bullish trend.
These technical patterns and strong trend momentum support a bullish bias for the stock.
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.