Danabus
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0Joined Dec 15, 2019
butterflypattern
pennant
supportandresistance
trendline
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LEMSE Seems to be in a bullish trend and have broken through two resistance lines and created new support. Will it continue upwards and break through the next resistance? Are there other indicators I'm missing?
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INFN
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1DShort
As a beginner in Technical Analysis I just learned how to read the butterfly pattern and realized, as an INFN owner since some time, this would have been a great tool to spot the bearish breakout around July 29th with support by the RSI trigger! Following this breakout looks to be a pennant formation setting up for a continued fall. Input on this idea is very welcome!
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