Dutch bro, one of my favorite drink in the state! Double bottom setup observed.
Strong demand (Volume) enter after second leg (also consider shake out region).
Price breakout the middle W point on 1 Feb and formed a handle last week to retest the resistance as support.
Solid candle formed on 4 Feb with decent volume as well.
Let's see how far BROS can go!
Disclaimer:
Not buy call recommendation. Just my sharing in technical analysis through chart pattern and trend. Trade at your own risk. Can refer back my previous US stock related article in below link.
Strong demand (Volume) enter after second leg (also consider shake out region).
Price breakout the middle W point on 1 Feb and formed a handle last week to retest the resistance as support.
Solid candle formed on 4 Feb with decent volume as well.
Let's see how far BROS can go!
Disclaimer:
Not buy call recommendation. Just my sharing in technical analysis through chart pattern and trend. Trade at your own risk. Can refer back my previous US stock related article in below link.
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CAR VCP Setup
adamkhoosk
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