Solid green candle broke from falling wedge formation, indeed the breakout is initiated on Friday, so if you miss the ride strongly not encourage to chase. A breakout forged from narrow BB, will not be sustaining
Closing done right at Fibo Ext 161.8%, be careful with second candle formed below middle BB, it potentially means the stock can breakdown from pennant formation anytime soon, upon breaking this, can expect further weakness to 1.22 zone.
The counter is on uptrend channel and making its ATH since 18 November 2020. In hourly chart, Stochastic & RSI are both showing overbought, with MACD showing a probable breakout. A continuation of high volume could continue the momentum with TP of 1.12 (Fibo 1.272) and Support at 0.660 (RRR 1:1). Using Gann Square of 9, resistance is at...
Rst: 1.06/ 1.22
Solid candle pushed above upper BB, the move has got BB even wider, which indicates further strength to unleash. Nearest hurdle at 1.06, breaking this will head to 1.22