An Ascending Triangle has formed on the Daily time frame with price being squeezed into the corner and is currently being held by the 50 and day MA. The RSI is holding above 50 indicating strength in the trend. OBV is high and maintaining this level suggesting that the buying pressure is there. Although volume could be higher it seems to be picking up in the last couple of days. An entry has been placed on the bottom support as I believe it may test again before breaking out, I will be adding to the position on the breakout also.
The entry, exit and stop loss have been shown on the chart.
Let me know what you think if you're seeing something different or agree!
The entry, exit and stop loss have been shown on the chart.
Let me know what you think if you're seeing something different or agree!