It has been consolidating for the last 16 years and is now giving a breakout on both weekly and monthly timeframes. Whenever a breakout occurs, it's often accompanied by changes in revenue, profits, and other fundamental ratios, indicating that the company is performing well.
I do use logarithmic charts, so the long position might look like 1:1 RR, but it's actually 1:5 RR.
Remember to do your own research before investing.
I do use logarithmic charts, so the long position might look like 1:1 RR, but it's actually 1:5 RR.
Remember to do your own research before investing.
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Also, volumes are getting huge at the resistance, which means accumulation has been going on.
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