CGCL - The stock was moving in an ascending channel. It recently broke out of that ascending channel, indicating a short-term bearish reversal.
After the breakdown, the price formed a falling wedge. Now it looks like it’s breaking out upwards from the wedge, confirming bullish momentum resuming.
Volume is moderate, with a slight uptick during the breakout, which confirms buyer interest.
Consider if the price sustains above 183 with the targets of 188 and 192
After the breakdown, the price formed a falling wedge. Now it looks like it’s breaking out upwards from the wedge, confirming bullish momentum resuming.
Volume is moderate, with a slight uptick during the breakout, which confirms buyer interest.
Consider if the price sustains above 183 with the targets of 188 and 192
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.