Popular stock in our group and I have uploaded in awhile but it has been following our projection and I would like to bring to your attention this potential ascending triangle formation.
Formation started in June and has one attempted break out and rejected staying above the top of the triangle, it has now pulled back to test the bottom of the triangle now and it is also just sitting on the 50 Day MA here too.
A strong recovery here should bring this up to the top of the triangle again for possible another attempt to break out.
The count remains as shown.
Bulls will like to see this formation and that the price is above the 50 and 200 Day, with a bullish cross through the 200 Day MA.
makis
2023-08-07 11:50:13 +0000 UTCShi Di
2023-08-07 11:33:33 +0000 UTCTommyJR
2023-08-07 11:33:28 +0000 UTC