$THRM #bullish #breakout from #wedge on weekly #chart
THRM stock price made an intermediary top back in SEP'18 and since then it has traded downwards inside a nice wedgeAfter a failed move it has managed to breakout in OCT'19
Result that came out at the end of OCT'19 were not great and the stock has retested the breakout , but the price action held above and now the stock has resumed the uptrend
MACD and RSI very supportive of the move higher as per chart
Targets are:
T1 - top of the wedge at 50.30
T2 - measure move of the breakout from the wedge at 54.10
Good luck,
TA
Trade closed: target reached
Target reachedCongrats longs,
TA
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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.