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RizeSenpai

CyberAggent At the Supply Line of an Ascending Broadening Wedge

Long
CYBER AGENT (TSE:4751)  
RizeSenpai  
TSE:4751   CYBER AGENT
Trend Analysis Chart Patterns Technical Indicators AD AI anime advertising Ascending Broadening Wedge Bullish Divergence supplyline Falling Wedge
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trendanalysis chartpattern indicator ad ai anime advertising ascendingbroadeningwedge bullishdivergence supplyline fallingwedge
CyberAgent currently sits at the Supply Line of a long established Ascending Broadening Wedge and while my first instinct would usually be to short, I think this one is showing signs that it will give us a strong bullish reaction off of this supply line as we have a bunch of Bullish Divergence on the MACD and RSI and are at the 55 Moving Average on the 2 Month while trading in a very tight more local falling wedge pattern. Upon Breakout i think we could go up to make a 0.886 Retrace before ultimately confirming a Partial Decline and Breaking Down. But in the meantime im very bullish here.
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