Friends,
We've seen dynamic resistance broken, higher structure highs, and we may now see the main resistance level broken as well. An open above 40.30's could symbolise a safe opportunity to get long in this stock with very low downside risk.
NOTE: I forgot to add something very important. We had really nice reversal rejection candles at the bottom of the channel range on the highest high, this is why I feel as though we may finally see the breakout. I apologise for not adding this on my chart.
Thanks
Tom
We've seen dynamic resistance broken, higher structure highs, and we may now see the main resistance level broken as well. An open above 40.30's could symbolise a safe opportunity to get long in this stock with very low downside risk.
NOTE: I forgot to add something very important. We had really nice reversal rejection candles at the bottom of the channel range on the highest high, this is why I feel as though we may finally see the breakout. I apologise for not adding this on my chart.
Thanks
Tom