IPO Base Breakout In Pasuptac - Keep In Radar
✅ The stock has finally broken out of its long-term resistance near 54-55 which has acted as a significant ceiling since its IPO. This level marks the upper boundary of its trading range for the past two years and the breakout is a strong signal for further upward movement.
✅ The breakout is accompanied by a surge in volume indicating strong buying interest. The high volume lends credibility to the breakout reducing the likelihood of a false breakout.
✅The RSI is currently at 72 entering the overbought territory. While this signals strong bullish momentum, traders should be cautious of potential short-term consolidation before the stock continues its upward movement.
✅ The breakout is accompanied by a surge in volume indicating strong buying interest. The high volume lends credibility to the breakout reducing the likelihood of a false breakout.
✅The RSI is currently at 72 entering the overbought territory. While this signals strong bullish momentum, traders should be cautious of potential short-term consolidation before the stock continues its upward movement.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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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.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.