Trellidor Symmetrical Triangle potential signs of up or down

Trellidor Symmetrical Triangle showing conflict

Symmetrical Triangle formed on Trellidor. This is a consolidation pattern where the price converges and then usually breaks out into the prior trend.

Hence it's a Continuation Pattern. Now we have seen higher lows. and the price is showing signs of upside. But then we have momentum indicators saying otherwise.

21>7
Price>200

Bearish
Higher lows
Target up if it breaks out is R3.20
Target down if it breaks out is R1.43

ABOUT THE COMPANY

Trellidor is a South African company that designs, manufactures, and installs customizable security barriers for residential and commercial use.

Founding:
Trellidor was established in 1976 in Durban, South Africa.

The Name:
The name "Trellidor" is derived from the word "trellis", which is a framework of light wooden or metal bars, typically arranged in an intersecting pattern, often used as a support or barrier. This reflects the company's primary product - trellis-style security gates.

Headquarters:
Trellidor's headquarters are in Durban, South Africa.

Public Listing:
Trellidor has been listed on the Johannesburg Stock Exchange (JSE) since 2015.

Global Presence:
Trellidor's products are distributed to end-users through a wide international distribution network in 22 countries worldwide.

Diverse Product Range:
The company offers a wide range of customizable security products, including retractable security gates, burglar guards, security screens, rollerstyle shutters, and more.

Innovation:
Trellidor has a history of innovation in its products, including patents for its trellis-style designs and other proprietary security solutions.