shahidrogers
Long

SAPNRG - price finds flag consolidation, breakout incoming?

MYX:SAPNRG   SAPURA ENERGY BERHAD
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3
SAPNRG - Sapura Energy - LONG

We can see that the price finds a flag consolidation stage. Buyers and sellers are accumulating their positions in the anticipation of a break as the price forms a tight wedge . Also, as the price nears the highs of the range, there's an influx in volume of buyers initiating into the move.

Will it send price into expansion? Can the volume confirm an impending breakout? Let's see!

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