Breakout Reloaded with ATH in Sight | Fib Retrenchment Play |
After delivering a 300% return over 18 months post-breakout, the stock retraced to a key Fibonacci level and consolidated for 6 months. It has now broken out of the consolidation pattern with a significant volume spike and has surpassed the 200 EMA, signalling renewed bullish momentum. The target is set at the all-time high (ATH), with a stop loss placed just below the former resistance level, which now acts as support.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
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