Ascending Channel Pattern
Stock is pushing too hard on the upside. We have an Ascending Channel + Ascending Flag Pattern in the making.
The stock took all the support that it could around 200 EMA & lower channel.
Now the stock is making Higher Highs & Higher Lows which is a bullish continuation confirmation.
If stock breaches the channel, Long Trade will activate. If stock breaches from the current level then let it cross our green square.
Rising volumes will be a 2nd confirmation of the bullish trend.
Stop loss will be the upper channel.
Target will be open.
Stay Safe & Trade Safely.
Stock is pushing too hard on the upside. We have an Ascending Channel + Ascending Flag Pattern in the making.
The stock took all the support that it could around 200 EMA & lower channel.
Now the stock is making Higher Highs & Higher Lows which is a bullish continuation confirmation.
If stock breaches the channel, Long Trade will activate. If stock breaches from the current level then let it cross our green square.
Rising volumes will be a 2nd confirmation of the bullish trend.
Stop loss will be the upper channel.
Target will be open.
Stay Safe & Trade Safely.