Trade level and reason given in chart
Triangle Pattern, Receding Volume,
Short Term: Triangle formation, Receding Volume Chances are for False Breakout, Shorting the stock.
1. Company got approval of the drug 2. Upper breakout pattern formation 3. Receding volume All this points to upper breakout. Possibility for BUY option
Quarterly Results to be declared tomorrow. Channel breakout pattern formation. Positive News tomorrow means go LONG Keep watching for further updates.
A chart pattern showcasing the descending triangle breakout formation may do so in a few days. Keep Watching for the updates.
Formation of Symmetrical Triangle with an indicator of receding volume increases the probability of the breakout. False Breakout occurred.