The symmetric triangle pattern is seen after the bulls successfully broke the critical support around $3.0 yesterday.
The uptrend is likely to be continued where the first target is the latest higher high at $3.98.
If the triangle is broken out, such a scenario is possible to happen in the next few days.
The buying position can be done now with a strict stop loss below the critical support of $2.9.
At the current price $3.10, it provides 7% loss : 28% profit ratio.
The uptrend is likely to be continued where the first target is the latest higher high at $3.98.
If the triangle is broken out, such a scenario is possible to happen in the next few days.
The buying position can be done now with a strict stop loss below the critical support of $2.9.
At the current price $3.10, it provides 7% loss : 28% profit ratio.