SPAR - Looking for a Breakout 🆙
Price is flagging below the 20 day moving average and may breakout is possible with a successful break of R105.
Another alternative is the pattern (symmetrical triangle) first breaks to the downside to create a bigger double bottom before finding enough buyers to go test R118-120 again.
In trading, a symmetrical triangle is a chart pattern formed by connecting lower highs and higher lows with converging trendlines. It signifies a period of indecision and balance in the market. Traders wait for a confirmed breakout with increased volume to take action. The breakout can be bullish or bearish, and the measured move technique helps estimate potential price targets.
Another alternative is the pattern (symmetrical triangle) first breaks to the downside to create a bigger double bottom before finding enough buyers to go test R118-120 again.
In trading, a symmetrical triangle is a chart pattern formed by connecting lower highs and higher lows with converging trendlines. It signifies a period of indecision and balance in the market. Traders wait for a confirmed breakout with increased volume to take action. The breakout can be bullish or bearish, and the measured move technique helps estimate potential price targets.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。