NESTLE - time to maximize the trade, its the area , i was expecting the stock would test , before falling further.
For Detailed analysis , please refer earlier post, linked in the post.
Nestle has been trading in a range since April 2020.
In technical terms, this particular range formation is called descending triangle, this patterns generally forms in downtrend and acts as continuation pattern, but in this case the structure of the stock is of uptrend, this bearish pattern may act as reversal pattern, because it indicates distribution , so i...
