ggmich

INCO bullish breakout opportunity

Long
IDX:INCO   VALE INDONESIA TBK
The weekly trend is still bullish uptrend, it confirmed at 29 Jan 2021 after making higher low for weekly timeframe .
For daily there is secondary down trend for retracement that making symmetrical triangle pattern . if we look into the 4hour chart, there is reverse head & shoulder inside the triangle. Today volume also peaked that empower weight evidence for reversal.
Daily RSI14 currently at neutral area that move downtrend, but confirmation come from the price.

Personal opinion for my personal note in future. Do not look this as recommendation or signal or even a reference for analysis, disclaimer on.

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