Morepenlab - Breakout expected
A stock trading at 40/- breaks out and moves almost 75% that is close to 70/- and it is taking its own time to settle down before the second breakout.
Higher time frame there is no strong patterns to justify the break but in smaller time frame there is one. Price trying to break the 66/- level for the past 10 trading sessions and it breaks 2 times but meanwhile it can't hold the momentum. If price breaks 66 and holds the position then definitely once can expect the up move towards ATH.
Higher time frame there is no strong patterns to justify the break but in smaller time frame there is one. Price trying to break the 66/- level for the past 10 trading sessions and it breaks 2 times but meanwhile it can't hold the momentum. If price breaks 66 and holds the position then definitely once can expect the up move towards ATH.
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