Key Observations:
1. **Bullish Gartley Pattern on the 2-Day Timeframe**
- This is a strong reversal pattern, indicating potential upside.
2. **Head and Shoulders Pattern on the 1H and Daily Timeframes**
- The **inverted head and shoulders** suggests a bullish breakout, especially after a long consolidation phase.
3. **Consolidation for Almost 3 Years**
- If this consolidation is ending, a breakout could be significant.
4. **Indicators Showing Bullish Divergence**
- **MACD turning up**
- **RSI divergence (lower price, higher RSI)**
### Potential Upside Target: **178 GBX**
- If the reversal plays out, your projection to **178 GBX** is possible.
However, keep an eye on key resistance levels like **116.4**, **127.3**, and **151.5**. If price struggles at these levels, short-term retracements might occur before a full breakout.
As of June 2024, Alphawave IP Group plc (LON:AWE) reported the following financial figures:
- **Debt-to-Equity Ratio**: 49.6%, with total debt of US$217.9 million and total equity of US$439.2 million. citeturn0search0
- **Cash and Cash Equivalents**: US$76.3 million. citeturn0search0
Additionally, the company's total assets were US$873.0 million, and total liabilities amounted to US$433.8 million. citeturn0search0
These figures indicate that Alphawave IP Group has a moderate level of debt relative to its equity and maintains a cash position that contributes to its financial flexibility.
⚠ **Not Financial Advice** – Always manage risk and confirm signals before trading.
1. **Bullish Gartley Pattern on the 2-Day Timeframe**
- This is a strong reversal pattern, indicating potential upside.
2. **Head and Shoulders Pattern on the 1H and Daily Timeframes**
- The **inverted head and shoulders** suggests a bullish breakout, especially after a long consolidation phase.
3. **Consolidation for Almost 3 Years**
- If this consolidation is ending, a breakout could be significant.
4. **Indicators Showing Bullish Divergence**
- **MACD turning up**
- **RSI divergence (lower price, higher RSI)**
### Potential Upside Target: **178 GBX**
- If the reversal plays out, your projection to **178 GBX** is possible.
However, keep an eye on key resistance levels like **116.4**, **127.3**, and **151.5**. If price struggles at these levels, short-term retracements might occur before a full breakout.
As of June 2024, Alphawave IP Group plc (LON:AWE) reported the following financial figures:
- **Debt-to-Equity Ratio**: 49.6%, with total debt of US$217.9 million and total equity of US$439.2 million. citeturn0search0
- **Cash and Cash Equivalents**: US$76.3 million. citeturn0search0
Additionally, the company's total assets were US$873.0 million, and total liabilities amounted to US$433.8 million. citeturn0search0
These figures indicate that Alphawave IP Group has a moderate level of debt relative to its equity and maintains a cash position that contributes to its financial flexibility.
⚠ **Not Financial Advice** – Always manage risk and confirm signals before trading.
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.
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.