Bixley

BAM - GIANT Rising Wedge

NYSE:BAM   Brookfield Asset Management Inc
A giant rising wedge can be observed on BAM
This is the weekly timeframe and completion of the wedge is evident
Normally Rising Wedges act bearishly but one of this magnitude hodls bullish potential, which is also evident with the breakout
A support retest of the upper trend line and then further upward movement is likely

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.