Chart is a technical analysis of TREET Corp Ltd (PSX: TREET).
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Key Observations: Price Action:
Current price: 22.20 PKR Recent high: 23.27 PKR Resistance level at 24.60 PKR Support around 21.00 PKR Price has broken above a trendline, signaling a potential bullish breakout. Technical Patterns:
Head and Shoulders Formation in the middle of the chart, followed by a breakout. Trendlines (dashed red and green) indicate a downtrend reversal. Measured move projection suggests potential targets at 23.27 PKR and 24.60 PKR. Momentum Indicators:
RSI (Relative Strength Index) is around 51.39, indicating neutral momentum. Bearish Divergence seen in RSI (lower highs in RSI vs. higher highs in price), which could indicate weakening momentum. Volume spikes suggest buying interest. Conclusion: The price has recently broken out of a consolidation phase and is testing resistance levels. If TREET sustains above 22.20, it could test 23.27 and 24.60. However, the RSI bearish divergence warns of possible exhaustion. If the price falls below 21.00, a retest of lower supports (around 19.00) could occur.
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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.