Pattern: "Cup and Handle" pattern
Cup/Rounding Bottom: Formed from approximately late 2024/early 2025 to late April 2025, with the low around 755.50.
Handle: A small consolidation (handle) has formed in early May 2025, right at the neckline.
Neckline: The resistance or neckline of this pattern is around 1,083.00 - 1,084.40. The price is currently testing or attempting to break out above this neckline.
Volume: A significant volume spike is visible on the most recent candle, which is attempting the breakout. This is a positive sign.
Target: The depth of the cup (approximately 324.15 points) projected from the neckline gives a potential target of around 1,408.50.
Support: The neckline around 1,083.00 - 1,084.40 will act as support if the breakout is successful. The low of the cup (755.50) is major support.
Resistance: The immediate resistance is the neckline itself. Once cleared, the target of 1,408.50 becomes the next significant resistance.
Interpretation: KPR Mill is at a crucial juncture, attempting to break out from a large bullish pattern. The high volume on the breakout attempt is encouraging. A sustained close above the 1,084.40 level would confirm the breakout and suggest a move towards the 1,408.50 target
Cup/Rounding Bottom: Formed from approximately late 2024/early 2025 to late April 2025, with the low around 755.50.
Handle: A small consolidation (handle) has formed in early May 2025, right at the neckline.
Neckline: The resistance or neckline of this pattern is around 1,083.00 - 1,084.40. The price is currently testing or attempting to break out above this neckline.
Volume: A significant volume spike is visible on the most recent candle, which is attempting the breakout. This is a positive sign.
Target: The depth of the cup (approximately 324.15 points) projected from the neckline gives a potential target of around 1,408.50.
Support: The neckline around 1,083.00 - 1,084.40 will act as support if the breakout is successful. The low of the cup (755.50) is major support.
Resistance: The immediate resistance is the neckline itself. Once cleared, the target of 1,408.50 becomes the next significant resistance.
Interpretation: KPR Mill is at a crucial juncture, attempting to break out from a large bullish pattern. The high volume on the breakout attempt is encouraging. A sustained close above the 1,084.40 level would confirm the breakout and suggest a move towards the 1,408.50 target
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.