Triangle breakout in this finstock
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Fivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022.
The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly.
The immediate support for the stock is its previous swing low of around 525.
550-555 is a best buy level for a good risk reward with targets of 595, 620++.
Note:- Idea is shared for educational purposes and should not be taken as a recommendation.
The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly.
The immediate support for the stock is its previous swing low of around 525.
550-555 is a best buy level for a good risk reward with targets of 595, 620++.
Note:- Idea is shared for educational purposes and should not be taken as a recommendation.
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