SFL: Ascending Triangle, Not Confirmed (56.37%)(34/1000)

(34/1000)

Ascending Triangle for SFL on the weekly chart.
Not confirmed
Possible 56,37% gains.

As per graph on the right, S&P Industrial is building into an ascending triangle (not confirmed) with a possible 55.23% gain.

SFL analysis:
Not a lot of pros on this one.

Pros:

1- Bullish Ascending triangle
2- PPS above 50MA and 200MA
3- R/R ratio above 5
4- 50MA above 200MA

Cons:

1 - ATR descending, less volatility
2- 250RSI below 50 but ascending
3- 50MA and 200MA descending
4- RS below 0 and flat

If confirmed, Target price is 18,45$

Stay humble, have fun, make money!

MAAX!