Breakout from major downtrend resistance line
Two consecutive higher lows
Recent completion of cup and handle formation will see further upside in near term
Low volume drop from 1.56 to 1.24 previously
High volume breakout from potential inverted H&S neckline & downtrend channel
Potential retracement back to right shoulder at around 1.08
If retracement didn't not happen, breakout from 1.24 will see another wave back to 1.56
Ecowld (8206)
Potential breakout from falling wedge (Long Term), descending triangle (Mid Term)
High volume accumulation in sideway consolidation zone from 625 to 685
Bullish divergence in a downtrend (MACD)
Trading Idea:
Enter when the price breakout from falling wedge resistance line with high volume
Average up when the price breakout from sideway resistance...
Sideway Trading Opportunity
First TP: 45cent
CL: < 34cent
Patience is needed for sideway trading
OR you can keep in watchlist and revisit after it breaks 0.45 sideway R
