Breakout Wedge Pattern of Smoore Intl. Holdings (6969)
Updated
Smoore International Holdings has finally broken out of the wedge patterns with both buyers and sellers getting increasingly impatient. MACD, Money Flow, and Price Action indicates bullish movement in the short-term. Will need to continue to observe if it can proceed to break it's previous all-time high.
Note
SEHK 6969 Smoore International has tried to make a few runs to it's all time high. However, the price action has suggested some exhaustion with no more buyers in play. I have already sold my positions with a good profit and waiting for the next opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.