This is a clear formation of bullish pennant as there is a flag pole and the cone has formed in couple of weeks.
The breakout may occur at the apex of the cone.
There is also a small hope (considering recent scenario) that candles will breakout at the support after breaking out the trendline.
Still invest at own risk as the company is weak with financials.
The breakout may occur at the apex of the cone.
There is also a small hope (considering recent scenario) that candles will breakout at the support after breaking out the trendline.
Still invest at own risk as the company is weak with financials.