Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss.
Also, it's holding 20MA (green line) which is giving it a bullish sentiment.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Also, it's holding 20MA (green line) which is giving it a bullish sentiment.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Comment:
Chart pattern still respecting the triangle.
Trade closed: stop reached
