MOREPEN LAB. LTDLong
Stock is ready for a strong breakout- keep in radar
✅ The stock is forming a symmetrical triangle pattern suggesting a period of consolidation before a potential breakout. A breakout above 85 with volume will likely lead to further bullish momentum.
✅ The rising trendline from previous lows around 73 provides a strong support zone indicating the stock’s resilience to downside pressure.
✅ Recent sessions have seen a noticeable increase in trading volume, signaling growing interest among market participants. This supports the bullish breakout potential.
✅ Currently at 60 RSI is heading upwards suggesting increasing bullish momentum. A move beyond 65 will strengthen the bullish case.
📈 A sustained breakout above 85 can propel the stock towards 92 initially, with a potential to test 100 in the short to medium term. Watch for volume confirmation to validate the breakout.
✅ The rising trendline from previous lows around 73 provides a strong support zone indicating the stock’s resilience to downside pressure.
✅ Recent sessions have seen a noticeable increase in trading volume, signaling growing interest among market participants. This supports the bullish breakout potential.
✅ Currently at 60 RSI is heading upwards suggesting increasing bullish momentum. A move beyond 65 will strengthen the bullish case.
📈 A sustained breakout above 85 can propel the stock towards 92 initially, with a potential to test 100 in the short to medium term. Watch for volume confirmation to validate the breakout.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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