Symmetrical Triangle on PICORP
PICORP shows some sort like a symmetrical triangle or maybe a pennant or falling wedge chart pattern, depends on what timeframe you use. Volumes were rising during rally and diminishing/exhausting during dips shows re-accumulation activity occurs during this pattern formation. Expected the price will squeeze into the triangle formation with overall volume falling since the first day of break out before continue to break the pattern and start with the next rally.
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.