The stock is trading within symmetrical triangle.
Probability 1 - Breaking above the triangle and close above 110 will lead to a successful breakout,
Probability 2 - Facing resistance near upper trend line and correct till 102.
Worst case scenario - Breaking below 102 and head towards lower line of the triangle.
Probability 1 - Breaking above the triangle and close above 110 will lead to a successful breakout,
Probability 2 - Facing resistance near upper trend line and correct till 102.
Worst case scenario - Breaking below 102 and head towards lower line of the triangle.
Note
Breakout succeed
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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.