Triangle Consolidation Breakout: SAMCHEM
Chart Pattern: Triangle Consolidation Breakout
SAMCHEM has formed a triangle consolidation pattern in the past week and the price has just broken out the downtrend resistance line, giving us a signal to buy in the stock.
Based on the triangle breakout calculation, final target price would be 0.855. However, the risk-averse investors could set their first tp at previous high (0.755).
Remark: Trade at your own risk.
SAMCHEM has formed a triangle consolidation pattern in the past week and the price has just broken out the downtrend resistance line, giving us a signal to buy in the stock.
Based on the triangle breakout calculation, final target price would be 0.855. However, the risk-averse investors could set their first tp at previous high (0.755).
Remark: Trade at your own risk.
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.