Watch Out For Breakout

2 dic 2023

Formation of a reverse head and shoulders pattern suggests a potential trend reversal.

Close break expected from a six-year resistance trend line.

Successful breakout above the trend line indicates strong bullish momentum.

Key resistance levels:

1st Resistance: 31.5 to 33.5
2nd Resistance: 42 to 44
3rd Resistance: 55.5 to 57
View remains valid as long as the breakout from the trend line resistance is achieved.

Caution advised if the security fails to break out, requiring ongoing monitoring of chart dynamics.