HBLPOWER: SYMMETRICAL WEDGE
Updated
HBLPOWER stock is currently forming a symmetrical wedge pattern following a significant rally, indicating potential consolidation before the next major price move. This pattern suggests a period of indecision in the market, with equal pressure from both buyers and sellers. A breakout above the upper trendline would signal a continuation of the previous uptrend, targeting 770. Conversely, a breakdown below the lower trendline would indicate a reversal, suggesting a possible decline towards the stop loss at 505. Traders should watch for a decisive breakout or breakdown to confirm the next direction.Trade active
Target 1 achieved
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