CQP's Ascending Triangle spotted!CQP's stock is in a period of consolidation since the pandemic's burst out in early March last year. Since then, it has been forming an ascending triangle pattern, making higher-lows and same-level highs.
The next few weeks, the price will break the upper resistance and start moving upwards, in a possibly strong uptrend.
The setup presented on the snapshot is one of low-risk and high-reward.
This is my technical view and not a recommendation to trade.
Feel free to give your likes or comments to the idea, as they will encourage me to continue this.
CQP
Cheniere Energy Partners $CQP "cup"It is following the curve and the target price will be $37.94 unless it falls below the curve
12month consensus price target is $41.40
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
