A very strong Bullish Rectangle Pattern formed in Dixon.
A bullish rectangle pattern forms when a share that is in uptrend, pauses its trend and goes on a consolidation zone for sometime and then breaks out again to continue the uptrend.
You can see the chart was in uptrend for a long time and then it has entered into a consolidation zone between 3,480 and 4,760. Now 4,760 is broken with a good volume confirming the pattern.
Share might retrace to retest the 4,670 level and then resume its uptrend.
This post is for education purpose only, please do your own analysis before taking any positions.
A bullish rectangle pattern forms when a share that is in uptrend, pauses its trend and goes on a consolidation zone for sometime and then breaks out again to continue the uptrend.
You can see the chart was in uptrend for a long time and then it has entered into a consolidation zone between 3,480 and 4,760. Now 4,760 is broken with a good volume confirming the pattern.
Share might retrace to retest the 4,670 level and then resume its uptrend.
This post is for education purpose only, please do your own analysis before taking any positions.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.