Guys, I've been watching this one for a long time now and the chart is finally reaching the moment we've been waiting for.
Look at the bigger picture — stock peaked at 1,400 back in 2018, crashed all the way to 119, and since then it's been slowly building back up. And over all these years a massive symmetrical triangle has been forming on the weekly chart. Lower highs from the top, higher lows from the bottom, both lines converging — and right now price is sitting right at the upper trendline of that triangle.
This is the critical zone. Nine years of price action has led to this point.
A strong weekly close above 1,150 and this stock enters fresh territory with virtually no overhead resistance. The measured move from a structure this big projects well above the 2018 highs. That's the kind of trade that doesn't come often.
For those already holding — just sit tight. Don't overthink it, don't get shaken by daily noise. Weekly chart, weekly mindset.
For those watching — a clean breakout with volume is your trigger. Don't jump the gun, let it confirm first.
SL for existing positions: 800 on weekly closing basis.
Patience built this setup over 9 years. Don't ruin it by being impatient in the last mile.
Look at the bigger picture — stock peaked at 1,400 back in 2018, crashed all the way to 119, and since then it's been slowly building back up. And over all these years a massive symmetrical triangle has been forming on the weekly chart. Lower highs from the top, higher lows from the bottom, both lines converging — and right now price is sitting right at the upper trendline of that triangle.
This is the critical zone. Nine years of price action has led to this point.
A strong weekly close above 1,150 and this stock enters fresh territory with virtually no overhead resistance. The measured move from a structure this big projects well above the 2018 highs. That's the kind of trade that doesn't come often.
For those already holding — just sit tight. Don't overthink it, don't get shaken by daily noise. Weekly chart, weekly mindset.
For those watching — a clean breakout with volume is your trigger. Don't jump the gun, let it confirm first.
SL for existing positions: 800 on weekly closing basis.
Patience built this setup over 9 years. Don't ruin it by being impatient in the last mile.
ChartsWithVenu
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.
ChartsWithVenu
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.