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michalis_vf
Mar 5, 2021 11:59 AM

CQP's Ascending Triangle spotted! Long

Description

CQP's stock is in a period of consolidation since the pandemic's burst out in early March last year. Since then, it has been forming an ascending triangle pattern, making higher-lows and same-level highs.

The next few weeks, the price will break the upper resistance and start moving upwards, in a possibly strong uptrend.

The setup presented on the snapshot is one of low-risk and high-reward.

This is my technical view and not a recommendation to trade.

Feel free to give your likes or comments to the idea, as they will encourage me to continue this.
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