Swiss Military long consolidation breakout
It has been consolidating for the last 16 years and is now giving a breakout on both weekly and monthly timeframes. Whenever a breakout occurs, it's often accompanied by changes in revenue, profits, and other fundamental ratios, indicating that the company is performing well.
I do use logarithmic charts, so the long position might look like 1:1 RR, but it's actually 1:5 RR.
Remember to do your own research before investing.
I do use logarithmic charts, so the long position might look like 1:1 RR, but it's actually 1:5 RR.
Remember to do your own research before investing.
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Also, volumes are getting huge at the resistance, which means accumulation has been going on.
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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.
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.