The stock has broken out of a long-term symmetrical triangle
📈 Quess Corp
✅The stock has broken out of a long-term symmetrical triangle pattern, indicating a shift from consolidation to a potential uptrend. The breakout above this pattern suggests growing bullish sentiment, with the breakout point around 680 acting as a strong support level. The rising trendline from recent lows is reinforcing the stock’s upward trajectory. This line provides a solid foundation for the stock, showing that each dip is met with buying interest, particularly near 680.
✅ Noticeable volume spikes around the breakout and subsequent retests highlight strong participation from buyers. This volume pattern is typical during breakout scenarios, adding reliability to the upward . RSI is in a neutral zone, suggesting room for further upside without being overbought. A move above 60 on the RSI could further confirm bullish momentum. With sustained strength above 680 the stock could aim for 780 as the first target and 850 as an extended target, capitalizing on the breakout momentum.
✅The stock has broken out of a long-term symmetrical triangle pattern, indicating a shift from consolidation to a potential uptrend. The breakout above this pattern suggests growing bullish sentiment, with the breakout point around 680 acting as a strong support level. The rising trendline from recent lows is reinforcing the stock’s upward trajectory. This line provides a solid foundation for the stock, showing that each dip is met with buying interest, particularly near 680.
✅ Noticeable volume spikes around the breakout and subsequent retests highlight strong participation from buyers. This volume pattern is typical during breakout scenarios, adding reliability to the upward . RSI is in a neutral zone, suggesting room for further upside without being overbought. A move above 60 on the RSI could further confirm bullish momentum. With sustained strength above 680 the stock could aim for 780 as the first target and 850 as an extended target, capitalizing on the breakout momentum.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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