After heavy consolidation for 2 months I can foresee a potential breakout from the 1 yr+ triangle to supply zone @ apprx 85. SL is at 62. RR Ratio = 1.65. Always the possibility of denial at resistance trendline however this extended period of consolidation gives me the confidence of an overwhelming bullish sentiment
Best of luck!
Best of luck!
Note
1st TP hit at 78. 10% up so far. Strong price action potential ability to wick high 80s however there is also the possibility of a new consolidation channel forming here that will cause NCC to range from 78-80 down to 62-65 till it breaks down in the coming months to form new lows
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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.