it seems the stock has given a strong weekly close
and also breaking out of multi year base formation
with a strong pattern (rounding bottom) with cycles
This is also referred as “saucer” as it resembles a clear inverted “U” image.
The pattern signals that the existing downtrend is about to finish and the possibility of an uptrend to commence.
This creates an opportunity to go long.
and also breaking out of multi year base formation
with a strong pattern (rounding bottom) with cycles
This is also referred as “saucer” as it resembles a clear inverted “U” image.
The pattern signals that the existing downtrend is about to finish and the possibility of an uptrend to commence.
This creates an opportunity to go long.
Trade closed: target reached