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.
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.
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