USHAMART | Triple bottom | Breakout | Long term
The stock reflects the classic triple bottom pattern which I initially began tracing as cup and handles only to notice later that these multiple back to back cups are actually a triple bottom pattern.
Classic price target {The breakout level + height [from neckline to support] } has been successfully achieved.
The strong back to back bullish candles with huge volumes and a aggressive MACD supports the long term trend which also confirmed by the 2.5 year resistance level breakout.
Classic price target {The breakout level + height [from neckline to support] } has been successfully achieved.
The strong back to back bullish candles with huge volumes and a aggressive MACD supports the long term trend which also confirmed by the 2.5 year resistance level breakout.
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