Ascending Triangle is a continuation (bullish) pattern.
Odds for this pattern is for the stock to break to the upside eventually. Long between 2.30-2.35 with a stop a few ticks below the lower triangle line @ 2.27. A break up is confirmed only when it CLOSES above 2.41.
Let's see if this trade will work out!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Odds for this pattern is for the stock to break to the upside eventually. Long between 2.30-2.35 with a stop a few ticks below the lower triangle line @ 2.27. A break up is confirmed only when it CLOSES above 2.41.
Let's see if this trade will work out!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Commento:
finally broke up though it took longer than I expected!